Synchrony Financial $SYF Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its position in Synchrony Financial (NYSE:SYF) by 27.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,508 shares of the financial services provider’s stock after purchasing an additional 85,066 shares during the quarter. Vinva Investment Management Ltd owned 0.11% of Synchrony Financial worth $29,145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Synchrony Financial during the 2nd quarter worth about $299,360,000. Bank of America Corp DE raised its holdings in 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 valued at $907,356,000 after buying an additional 3,494,741 shares during the period. Assetmark Inc. lifted its position in Synchrony Financial by 48.3% during the third quarter. Assetmark Inc. now owns 4,349,059 shares of the financial services provider’s stock valued at $309,001,000 after buying an additional 1,416,909 shares in the last quarter. Voya Investment Management LLC lifted its position in Synchrony Financial by 149.4% during the third quarter. Voya Investment Management LLC now owns 1,803,690 shares of the financial services provider’s stock valued at $127,844,000 after buying an additional 1,080,389 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Synchrony Financial by 34.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,941,247 shares of the financial services provider’s stock worth $196,299,000 after buying an additional 761,263 shares during the period. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Curtis Howse sold 52,556 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $72.32, for a total transaction of $3,800,849.92. Following the completion of the sale, the insider directly owned 94,196 shares in the company, valued at $6,812,254.72. This trade represents a 35.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bart Schaller sold 12,980 shares of Synchrony Financial stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $878,875.80. Following the sale, the insider directly owned 34,035 shares in the company, valued at approximately $2,304,509.85. The trade was a 27.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 379,928 shares of company stock worth $26,170,764 over the last quarter. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SYF. BTIG Research dropped their price objective on shares of Synchrony Financial from $100.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods lifted their target price on shares of Synchrony Financial from $95.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. Wells Fargo & Company upped their price target 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. JPMorgan Chase & Co. lowered their price target on Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Finally, Truist Financial cut their price objective on Synchrony Financial from $92.00 to $84.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus price target of $87.11.

Synchrony Financial Trading Down 3.4%

SYF opened at $66.64 on Friday. The firm’s 50 day moving average is $76.06 and its 200-day moving average is $75.88. Synchrony Financial has a 52-week low of $40.54 and a 52-week 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 0.98. The firm has a market capitalization of $23.16 billion, a P/E ratio of 7.17, a P/E/G ratio of 0.59 and a beta of 1.42.

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

Synchrony Financial Dividend Announcement

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

Synchrony Financial Company 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.