Renaissance Group LLC Purchases New Holdings in Synchrony Financial $SYF

Renaissance Group LLC purchased a new stake in Synchrony Financial (NYSE:SYF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,068 shares of the financial services provider’s stock, valued at approximately $573,000.

Several other institutional investors also recently modified their holdings of SYF. Westside Investment Management Inc. raised its stake in shares of Synchrony Financial by 100.0% in 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 in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in Synchrony Financial in the 2nd quarter valued at $26,000. Salomon & Ludwin LLC raised its stake in shares of Synchrony Financial by 54.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after buying an additional 146 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Synchrony Financial by 5,787.5% during the 2nd quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 463 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Trading Up 1.6%

Shares of SYF opened at $75.19 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $27.08 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.52 and a beta of 1.43. The stock has a fifty day moving average price of $80.75 and a two-hundred day moving average price of $75.84. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $88.77.

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

Synchrony Financial announced that its Board of Directors has authorized a stock buyback program on Wednesday, October 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 3.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.6%. Synchrony Financial’s payout ratio is currently 12.92%.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, Director Arthur W. Coviello, Jr. sold 4,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total transaction of $289,280.00. Following the transaction, the director owned 32,444 shares of the company’s stock, valued at approximately $2,346,350.08. This represents a 10.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis Howse sold 52,556 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $72.32, for a total value of $3,800,849.92. Following the completion of the transaction, the insider owned 94,196 shares in the company, valued at $6,812,254.72. The trade was a 35.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 88,556 shares of company stock worth $6,419,730. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SYF. BTIG Research dropped their price target on shares of Synchrony Financial from $100.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Wolfe Research initiated coverage on Synchrony Financial in a report on Monday, December 8th. They issued an “outperform” rating and a $92.00 target price for the company. Robert W. Baird downgraded Synchrony Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Barclays lowered their price target on Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company lifted their price objective on Synchrony Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, January 5th. One equities research 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.05.

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.