Family Manage LLC Sells 56,854 Shares of Synchrony Financial $SYF

Family Manage LLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF) by 86.9% in the 1st quarter, Holdings Channel reports. The firm owned 8,571 shares of the financial services provider’s stock after selling 56,854 shares during the quarter. Family Manage LLC’s holdings in Synchrony Financial were worth $583,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SYF. Advisors Asset Management Inc. bought a new position in shares of Synchrony Financial in the fourth quarter worth about $29,000. Fideuram Asset Management Ireland dac bought a new stake in Synchrony Financial during the 4th quarter valued at about $29,000. FWL Investment Management LLC bought a new stake in Synchrony Financial during the 3rd quarter valued at about $26,000. Reflection Asset Management purchased a new stake in Synchrony Financial in the 4th quarter valued at about $31,000. Finally, Palisade Asset Management LLC purchased a new stake in Synchrony Financial in the 3rd quarter valued at about $29,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Stock Up 3.2%

Shares of Synchrony Financial stock opened at $75.26 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The firm’s 50-day moving average is $73.38 and its two-hundred day moving average is $72.87. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.68 and a beta of 1.32.

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

Synchrony Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Wednesday, August 5th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a yield of 1.8%. Synchrony Financial’s dividend payout ratio is 12.30%.

Synchrony Financial announced that its Board of Directors has initiated 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 reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

SYF has been the topic of a number of research reports. Royal Bank Of Canada reduced their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. lowered their price target on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. HSBC increased their price objective on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Loop Capital initiated coverage on Synchrony Financial in a report on Friday, May 22nd. They set a “hold” rating and a $81.00 price objective on the stock. Finally, BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Twelve investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.89.

Insider Transactions at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial 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 $9,449,656.72. This trade represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a 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 currently owned by insiders.

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.