Turtle Creek Asset Management Inc. Cuts Stock Position in Synchrony Financial $SYF

Turtle Creek Asset Management Inc. cut its stake in shares of Synchrony Financial (NYSE:SYF) by 27.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 23,890 shares of the financial services provider’s stock after selling 9,050 shares during the period. Turtle Creek Asset Management Inc.’s holdings in Synchrony Financial were worth $1,625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SYF. FWL Investment Management LLC acquired a new stake in shares of Synchrony Financial in the third quarter valued at about $26,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Synchrony Financial during the 4th quarter worth about $29,000. Advisors Asset Management Inc. acquired a new position in shares of Synchrony Financial during the 4th quarter worth about $29,000. Palisade Asset Management LLC purchased a new position in Synchrony Financial in the 3rd quarter valued at about $29,000. Finally, Reflection Asset Management acquired a new stake in Synchrony Financial in the 4th quarter worth about $31,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Price Performance

SYF stock opened at $74.99 on Thursday. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $24.40 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 0.72 and a beta of 1.32. The business has a 50 day simple moving average of $73.60 and a 200-day simple moving average of $72.71.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.45. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.72 billion. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.During the same quarter last year, the business posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Equities research analysts anticipate that Synchrony Financial will post 9.35 earnings per share for the current fiscal year.

Synchrony Financial declared that its Board of Directors has approved a share repurchase program on Tuesday, April 21st that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Wednesday, August 5th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, August 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s payout ratio is presently 13.93%.

Analyst Ratings Changes

Several research firms have commented on SYF. TD Cowen boosted their price objective on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. UBS Group boosted their price target on Synchrony Financial from $77.00 to $84.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research note on Friday, July 17th. Finally, Truist Financial lifted their target price on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Twelve research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and an average price target of $86.89.

Insider Activity at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 51,258 shares of the business’s stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Company 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.