Sterling Capital Management LLC Has $3.21 Million Stock Holdings in Synchrony Financial $SYF

Sterling Capital Management LLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF) by 18.0% during the first quarter, HoldingsChannel reports. The fund owned 47,177 shares of the financial services provider’s stock after selling 10,322 shares during the quarter. Sterling Capital Management LLC’s holdings in Synchrony Financial were worth $3,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. lifted its holdings in shares of Synchrony Financial by 7.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 135 shares during the period. CoreCap Advisors LLC increased its holdings in Synchrony Financial by 34.4% in the fourth quarter. CoreCap Advisors LLC now owns 543 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 139 shares during the period. Choreo LLC raised its position in Synchrony Financial by 1.1% during the 4th quarter. Choreo LLC now owns 13,486 shares of the financial services provider’s stock worth $1,137,000 after purchasing an additional 145 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Synchrony Financial by 3.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 149 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its holdings in Synchrony Financial by 5.1% during the 4th quarter. Legacy Financial Advisors Inc. now owns 3,109 shares of the financial services provider’s stock worth $259,000 after buying an additional 152 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SYF has been the subject of several recent research reports. BTIG Research cut Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company reduced their target price on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Loop Capital assumed coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. One 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’s stock. According to data from MarketBeat, Synchrony Financial currently has a consensus rating of “Moderate Buy” and an average price target of $86.05.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $78.72 on Monday. The firm’s 50-day moving average price is $73.61 and its 200-day moving average price is $74.42. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The firm has a market capitalization of $26.48 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.69 and a beta of 1.33. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, beating the consensus estimate of $2.14 by $0.13. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the business posted $1.89 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities research analysts anticipate that Synchrony Financial will post 9.34 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 5th. Synchrony Financial’s dividend payout ratio (DPR) is 12.41%.

Synchrony Financial announced that its board has initiated a stock repurchase plan on Tuesday, April 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 51,258 shares of the business’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 completion of the sale, the insider owned 132,664 shares in the company, valued at $9,449,656.72. The trade was a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by corporate insiders.

Synchrony Financial Profile

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.