Arbejdsmarkedets Tillaegspension Makes New Investment in Synchrony Financial $SYF

Arbejdsmarkedets Tillaegspension bought a new position in Synchrony Financial (NYSE:SYF) in the fourth quarter, Holdings Channel.com reports. The fund bought 287,112 shares of the financial services provider’s stock, valued at approximately $23,954,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC lifted its position in shares of Synchrony Financial by 40.2% during the 3rd quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 136 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of Synchrony Financial by 34.4% during the 4th quarter. CoreCap Advisors LLC now owns 543 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 139 shares during the last quarter. United Community Bank lifted its position in shares of Synchrony Financial by 3.4% during the 3rd quarter. United Community Bank now owns 4,469 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 145 shares during the last quarter. Choreo LLC lifted its position in shares of Synchrony Financial by 1.1% during the 4th quarter. Choreo LLC now owns 13,486 shares of the financial services provider’s stock valued at $1,137,000 after acquiring an additional 145 shares during the last quarter. Finally, SYM FINANCIAL Corp lifted its position in shares of Synchrony Financial by 3.0% during the 3rd quarter. SYM FINANCIAL Corp now owns 5,126 shares of the financial services provider’s stock valued at $364,000 after acquiring an additional 148 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Price Performance

SYF opened at $71.27 on Friday. Synchrony Financial has a 12-month low of $55.67 and a 12-month 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 1.08. The firm has a market capitalization of $23.97 billion, a P/E ratio of 7.37, a PEG ratio of 0.61 and a beta of 1.37. The stock has a fifty day moving average of $70.67 and a 200-day moving average of $74.95.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share 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 business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the business posted $1.89 earnings per share. Synchrony Financial’s revenue for the quarter was down 7.4% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities analysts forecast that Synchrony Financial will post 9.29 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio is 12.41%.

Synchrony Financial declared that its board has approved 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 repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SYF shares. Wells Fargo & Company cut their price objective on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada reduced their target price on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Barclays increased their target price on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Wall Street Zen lowered Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.32.

Insiders Place Their Bets

In other Synchrony Financial news, insider Brian D. Doubles sold 217,554 shares of the stock in a transaction 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 transaction, the insider directly owned 829,222 shares of the company’s stock, valued at $56,950,966.96. This represents a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Curtis Howse sold 7,882 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $533,690.22. Following the transaction, the insider directly owned 94,873 shares in the company, valued at $6,423,850.83. The trade was a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 323,372 shares of company stock valued at $22,080,634 in the last three months. Company insiders own 0.36% of the company’s stock.

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.