Synchrony Financial $SYF Stock Holdings Reduced by Ritholtz Wealth Management

Ritholtz Wealth Management reduced its position in Synchrony Financial (NYSE:SYF) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of Synchrony Financial by 8.9% during the 1st quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock valued at $439,000 after buying an additional 679 shares during the last quarter. Woodline Partners LP increased its holdings in Synchrony Financial by 36.2% in the first quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock worth $1,884,000 after buying an additional 9,460 shares during the last quarter. Focus Partners Wealth increased its holdings in Synchrony Financial by 7.7% in the first quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock worth $339,000 after buying an additional 459 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 455 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in Synchrony Financial by 56.1% during the second quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 2,178 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction on Friday, May 15th. The shares were sold at an average price of $71.23, for a total value of $3,651,107.34. Following the transaction, the insider owned 132,664 shares in the company, valued at $9,449,656.72. This trade represents a 27.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is owned by company insiders.

Synchrony Financial Stock Up 1.6%

Shares of Synchrony Financial stock opened at $76.25 on Thursday. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. The stock has a 50 day moving average price of $73.50 and a two-hundred day moving average price of $74.44. The stock has a market capitalization of $25.65 billion, a P/E ratio of 7.89, a PEG ratio of 0.66 and a beta of 1.33.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the firm posted $1.89 earnings per share. The company’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. Equities analysts expect that Synchrony Financial will post 9.29 earnings per share for the current year.

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

Synchrony Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SYF shares. Robert W. Baird lifted their target price on shares of Synchrony Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Truist Financial increased their price target 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. Loop Capital initiated coverage on shares of Synchrony Financial in a report on Friday, May 22nd. They set a “hold” rating and a $81.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research note on Monday, April 20th. Finally, BTIG Research cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.