Daiwa Securities Group Inc. Sells 11,627 Shares of Synchrony Financial $SYF

Daiwa Securities Group Inc. decreased its holdings in Synchrony Financial (NYSE:SYF) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,280 shares of the financial services provider’s stock after selling 11,627 shares during the period. Daiwa Securities Group Inc.’s holdings in Synchrony Financial were worth $4,946,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Synchrony Financial by 1.0% in the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after acquiring an additional 191,920 shares during the period. Bank of America Corp DE boosted its stake in shares of Synchrony Financial by 5.4% in the third quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock worth $1,018,517,000 after acquiring an additional 739,832 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Synchrony Financial by 8.3% in the second quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock worth $354,194,000 after acquiring an additional 406,796 shares during the period. Nordea Investment Management AB boosted its stake in shares of Synchrony Financial by 13.0% in the fourth quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock worth $431,999,000 after acquiring an additional 592,567 shares during the period. Finally, Norges Bank bought a new position in shares of Synchrony Financial in the fourth quarter worth about $383,231,000. Institutional investors own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the sale, the insider directly owned 132,664 shares in the company, valued at $9,449,656.72. This represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by company insiders.

Synchrony Financial Price Performance

NYSE:SYF opened at $70.52 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $23.72 billion, a P/E ratio of 7.29, a P/E/G ratio of 0.62 and a beta of 1.33. Synchrony Financial has a 12 month low of $59.23 and a 12 month high of $88.77. The business’s 50-day moving average is $72.38 and its 200 day moving average is $74.65.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, equities research analysts forecast that Synchrony Financial will post 9.29 earnings per share for the current fiscal year.

Synchrony Financial announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 5th. Synchrony Financial’s payout ratio is currently 12.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SYF shares. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company dropped their price objective on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Robert W. Baird upped their price objective on Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Barclays upped their price objective on Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Truist Financial upped their price objective on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.05.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.