Synchrony Financial $SYF Stock Holdings Lessened by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its stake in shares of Synchrony Financial (NYSE:SYF) by 7.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 87,098 shares of the financial services provider’s stock after selling 7,023 shares during the period. Ritholtz Wealth Management’s holdings in Synchrony Financial were worth $5,924,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. NewEdge Advisors LLC raised its position in shares of Synchrony Financial by 8.9% during the first quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 679 shares during the period. Woodline Partners LP boosted its position in shares of Synchrony Financial by 36.2% in the 1st quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock valued at $1,884,000 after purchasing an additional 9,460 shares during the period. Focus Partners Wealth boosted its position in shares of Synchrony Financial by 7.7% in the 1st quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 459 shares during the period. Geneos Wealth Management Inc. increased its stake in Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 455 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its stake in Synchrony Financial by 56.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 2,178 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Up 1.6%

Shares of Synchrony Financial stock opened at $76.25 on Thursday. The stock has a 50-day moving average price of $73.50 and a 200 day moving average price of $74.44. The company has a market cap of $25.65 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.66 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 has a 1 year low of $63.08 and a 1 year high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data 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. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period last year, the company posted $1.89 EPS. The business’s quarterly revenue 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. As a group, analysts expect that Synchrony Financial will post 9.29 EPS for the current fiscal year.

Synchrony Financial declared that its board has approved a stock 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 often an indication that the company’s leadership believes its stock is undervalued.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 5th. Synchrony Financial’s dividend payout ratio (DPR) is currently 12.41%.

Insider Activity at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 51,258 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the transaction, the insider directly owned 132,664 shares of the company’s stock, valued at approximately $9,449,656.72. The trade was a 27.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial boosted their price objective on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. Robert W. Baird boosted their price target on shares of Synchrony Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company reduced their price target on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, BTIG Research lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.05.

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.