Mach 1 Financial Group LLC Purchases New Holdings in Synchrony Financial $SYF

Mach 1 Financial Group LLC bought a new position in Synchrony Financial (NYSE:SYF) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 10,288 shares of the financial services provider’s stock, valued at approximately $858,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SYF. Bank of America Corp DE lifted its stake in shares of Synchrony Financial by 34.6% in the second quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock worth $907,356,000 after buying an additional 3,494,741 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Synchrony Financial by 48.3% in the third quarter. Assetmark Inc. now owns 4,349,059 shares of the financial services provider’s stock worth $309,001,000 after buying an additional 1,416,909 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of Synchrony Financial in the fourth quarter worth approximately $84,494,000. Worldquant Millennium Advisors LLC lifted its stake in shares of Synchrony Financial by 222.5% in the second quarter. Worldquant Millennium Advisors LLC now owns 937,296 shares of the financial services provider’s stock worth $62,555,000 after buying an additional 646,642 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Synchrony Financial by 13.0% in the fourth quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock worth $431,999,000 after buying an additional 592,567 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SYF has been the topic of several analyst reports. Barclays upped their target price on shares of Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. BTIG Research downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Compass Point upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Wednesday, January 28th. Robert W. Baird lifted their price target on shares of Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company reduced their price target on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.32.

Insider Buying and Selling at Synchrony Financial

In other news, insider Brian J. Sr. Wenzel sold 47,112 shares of Synchrony Financial stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $67.16, for a total transaction of $3,164,041.92. Following the transaction, the insider owned 64,221 shares in the company, valued at $4,313,082.36. This trade represents a 42.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alberto Casellas sold 14,399 shares of Synchrony Financial stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $974,956.29. Following the transaction, the insider owned 50,331 shares in the company, valued at $3,407,912.01. This represents a 22.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 374,630 shares of company stock worth $25,731,741. Insiders own 0.36% of the company’s stock.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $72.06 on Thursday. The company has a 50 day moving average price of $70.91 and a 200-day moving average price of $74.86. Synchrony Financial has a 52 week low of $55.67 and a 52 week high of $88.77. The firm has a market capitalization of $24.24 billion, a PE ratio of 7.45, a P/E/G ratio of 0.60 and a beta of 1.37. 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 (NYSE:SYF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, topping 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 firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the business posted $1.89 earnings per share. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities research analysts expect that Synchrony Financial will post 9.29 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is presently 12.41%.

Synchrony Financial declared that its Board of Directors has authorized a stock buyback program on Tuesday, April 21st that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

About Synchrony Financial

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.