New York State Common Retirement Fund Decreases Stock Position in Synchrony Financial $SYF

New York State Common Retirement Fund trimmed its position in shares of Synchrony Financial (NYSE:SYF) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,729 shares of the financial services provider’s stock after selling 15,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Synchrony Financial were worth $14,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in shares of Synchrony Financial in the 2nd quarter worth about $26,000. Salomon & Ludwin LLC raised its position in Synchrony Financial by 54.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 146 shares during the period. True Wealth Design LLC lifted its stake in Synchrony Financial by 5,787.5% in the second quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 463 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Synchrony Financial during the third quarter valued at approximately $35,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Synchrony Financial during the second quarter valued at approximately $39,000. Institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

SYF has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded Synchrony Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. BTIG Research decreased their target price on Synchrony Financial from $100.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Wall Street Zen cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company raised their price target on shares of Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.05.

Insider Transactions at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 32,000 shares of Synchrony Financial stock in a transaction on Monday, November 17th. The stock was sold at an average price of $72.80, for a total value of $2,329,600.00. Following the transaction, the insider directly owned 127,100 shares in the company, valued at approximately $9,252,880. This trade represents a 20.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $73.53 on Tuesday. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $88.77. The stock’s fifty day moving average price is $80.94 and its 200-day moving average price is $75.75. The firm has a market cap of $26.48 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.51 and a beta of 1.43. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the business earned $1.91 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, equities research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, February 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Synchrony Financial’s dividend payout ratio is currently 12.92%.

Synchrony Financial declared that its Board of Directors has approved a share buyback program on Wednesday, October 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 3.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.