Synchrony Financial (NYSE:SYF) Director Sells $289,280.00 in Stock

Synchrony Financial (NYSE:SYF) Director Arthur Coviello, Jr. sold 4,000 shares of Synchrony Financial stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $72.32, for a total value of $289,280.00. Following the sale, the director directly owned 32,444 shares in the company, valued at $2,346,350.08. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $75.19 on Friday. The business has a 50 day moving average of $80.75 and a 200-day moving average of $75.80. The company has a market capitalization of $27.08 billion, a P/E ratio of 8.09, a P/E/G ratio of 0.51 and a beta of 1.43. Synchrony Financial has a 1 year low of $40.54 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the firm posted $1.91 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, equities research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, February 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Synchrony Financial’s payout ratio is currently 12.92%.

Synchrony Financial announced that its board has authorized a share buyback plan on Wednesday, October 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SYF. Westside Investment Management Inc. raised its holdings in shares of Synchrony Financial by 100.0% during the third quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 179 shares during the period. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in Synchrony Financial in the 2nd quarter valued at about $26,000. FWL Investment Management LLC acquired a new position in Synchrony Financial during the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC raised its stake in Synchrony Financial by 54.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock worth $29,000 after buying an additional 146 shares during the period. Finally, Palisade Asset Management LLC bought a new position in Synchrony Financial in the third quarter worth approximately $29,000. 96.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SYF. Truist Financial reduced their price target on Synchrony Financial from $92.00 to $84.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Keefe, Bruyette & Woods upped their target price on Synchrony Financial from $95.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Barclays lowered their price target on shares of Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th. JPMorgan Chase & Co. reduced their price objective on shares of Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company increased their price objective on shares of Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.05.

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.