Dorsey Wright & Associates Acquires New Stake in Synchrony Financial $SYF

Dorsey Wright & Associates acquired a new stake in Synchrony Financial (NYSE:SYFFree Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,311 shares of the financial services provider’s stock, valued at approximately $1,382,000.

A number of other large investors also recently bought and sold shares of the company. FWL Investment Management LLC purchased a new position in Synchrony Financial during the third quarter worth about $26,000. Fideuram Asset Management Ireland dac purchased a new stake in Synchrony Financial in the 4th quarter valued at approximately $29,000. Advisors Asset Management Inc. purchased a new stake in Synchrony Financial in the 4th quarter valued at approximately $29,000. Palisade Asset Management LLC acquired a new position in Synchrony Financial during the 3rd quarter worth approximately $29,000. Finally, Reflection Asset Management acquired a new position in Synchrony Financial during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SYF. UBS Group increased their price objective on Synchrony Financial from $77.00 to $84.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Loop Capital assumed coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 target price on the stock. HSBC upped their price target on shares of Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. cut their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Finally, Robert W. Baird raised their price objective 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. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.32.

View Our Latest Stock Analysis on SYF

Synchrony Financial News Summary

Here are the key news stories impacting Synchrony Financial this week:

Insider Buying and Selling

In other 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 sale, the insider owned 132,664 shares in the company, valued at $9,449,656.72. This trade represents a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.36% of the company’s stock.

Synchrony Financial Price Performance

SYF stock opened at $73.74 on Friday. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.70 and a beta of 1.32. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 52-week low of $63.08 and a 52-week high of $88.77. The stock’s fifty day simple moving average is $73.10 and its 200-day simple moving average is $73.46.

Synchrony Financial (NYSE:SYFGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.13. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities research analysts expect that Synchrony Financial will post 9.34 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s payout ratio is 12.41%.

Synchrony Financial announced that its Board of Directors has initiated a stock repurchase program on Tuesday, April 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

About Synchrony Financial

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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