Sumitomo Mitsui Trust Group Inc. Has $64.42 Million Stock Position in Synchrony Financial $SYF

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Synchrony Financial (NYSE:SYF) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 947,004 shares of the financial services provider’s stock after selling 9,850 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.28% of Synchrony Financial worth $64,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SYF. Strategic Investment Advisors MI lifted its holdings in shares of Synchrony Financial by 43.2% in the third quarter. Strategic Investment Advisors MI now owns 68,841 shares of the financial services provider’s stock worth $4,890,000 after acquiring an additional 20,778 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Synchrony Financial by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock valued at $1,018,517,000 after purchasing an additional 739,832 shares in the last quarter. Danske Bank A S bought a new stake in shares of Synchrony Financial during the 3rd quarter valued at approximately $34,362,000. KTF Investments LLC bought a new stake in shares of Synchrony Financial during the 4th quarter valued at approximately $3,923,000. Finally, Ritholtz Wealth Management increased its position in Synchrony Financial by 21.9% during the 4th quarter. Ritholtz Wealth Management now owns 94,121 shares of the financial services provider’s stock worth $7,852,000 after purchasing an additional 16,901 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 51,258 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $71.23, for a total value of $3,651,107.34. Following the sale, the insider owned 132,664 shares of the company’s stock, valued at $9,449,656.72. The trade was a 27.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Cowen increased their price objective on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. BTIG Research downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. Wells Fargo & Company dropped their price target on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Robert W. Baird raised their price objective on Synchrony Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Loop Capital started coverage on Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.21.

Synchrony Financial Trading Up 1.3%

NYSE SYF traded up $0.92 during trading hours on Friday, reaching $72.49. The company’s stock had a trading volume of 2,903,822 shares, compared to its average volume of 3,499,538. The firm has a fifty day simple moving average of $73.17 and a 200-day simple moving average of $73.86. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The stock has a market cap of $24.38 billion, a P/E ratio of 7.50, a P/E/G ratio of 0.64 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last posted its 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 firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the firm posted $1.89 EPS. The company’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 9.33 earnings per share for the current fiscal year.

Synchrony Financial announced that its board has approved a share repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Synchrony Financial Announces Dividend

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

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.