Synchrony Financial (NYSE:SYF) Insider Sells $14,941,608.72 in Stock

Synchrony Financial (NYSE:SYF) insider Brian Doubles sold 217,554 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $68.68, for a total transaction of $14,941,608.72. Following the completion of the sale, the insider directly owned 829,222 shares in the company, valued at approximately $56,950,966.96. This represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Synchrony Financial Stock Down 0.2%

Shares of SYF traded down $0.11 during mid-day trading on Tuesday, reaching $68.53. The company’s stock had a trading volume of 5,882,960 shares, compared to its average volume of 5,168,599. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $88.77. The stock has a market cap of $23.82 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.61 and a beta of 1.42. The company’s 50 day moving average is $77.41 and its 200 day moving average is $76.00.

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

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, February 6th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, February 6th. Synchrony Financial’s payout ratio is 12.92%.

Analyst Upgrades and Downgrades

SYF has been the subject of a number of recent analyst reports. TD Cowen raised their target price on Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Wolfe Research began coverage on shares of Synchrony Financial in a research note on Monday, December 8th. They issued an “outperform” rating and a $92.00 price objective for the company. Truist Financial decreased their price objective on shares of Synchrony Financial from $92.00 to $84.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Wells Fargo & Company upped their target price on shares of Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Finally, Royal Bank Of Canada reduced their price target on shares of Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.11.

Institutional Trading of Synchrony Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. increased its holdings in shares of Synchrony Financial by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 179 shares during the period. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in Synchrony Financial in the 2nd quarter worth about $26,000. FWL Investment Management LLC bought a new position in Synchrony Financial in the 3rd quarter worth about $26,000. Salomon & Ludwin LLC increased its stake in shares of Synchrony Financial by 54.9% in the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 146 shares during the period. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Synchrony Financial during the fourth quarter valued at approximately $29,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

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.