17,206 Shares in Synchrony Financial $SYF Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC purchased a new position in shares of Synchrony Financial (NYSE:SYF) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 17,206 shares of the financial services provider’s stock, valued at approximately $1,170,000.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Synchrony Financial in the fourth quarter valued at approximately $383,231,000. Bank of America Corp DE lifted its position in shares of Synchrony Financial by 34.6% during the 2nd 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 in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Synchrony Financial during the 4th quarter valued at approximately $84,494,000. Worldquant Millennium Advisors LLC grew its stake in Synchrony Financial by 222.5% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 937,296 shares of the financial services provider’s stock valued at $62,555,000 after acquiring an additional 646,642 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Synchrony Financial in the 1st quarter valued at $38,081,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Trading Up 2.5%

Shares of Synchrony Financial stock opened at $77.20 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50 day simple moving average is $73.54 and its 200-day simple moving average is $72.80. The stock has a market cap of $25.12 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.71 and a beta of 1.32. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.14 by $0.45. Synchrony Financial had a return on equity of 23.09% and a net margin of 15.44%.The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the firm earned $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Analysts predict that Synchrony Financial will post 9.35 EPS for the current fiscal year.

Synchrony Financial announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Synchrony Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, August 5th. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.30. Synchrony Financial’s dividend payout ratio (DPR) is currently 12.30%.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $71.23, for a total value of $3,651,107.34. Following the completion of the sale, the insider directly owned 132,664 shares of the company’s stock, valued at $9,449,656.72. This trade represents a 27.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Loop Capital assumed coverage on shares of Synchrony Financial in a report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price target for the company. Royal Bank Of Canada decreased their price objective on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 22nd. Barclays lifted their target price on shares of Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Truist Financial boosted their target price on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company reduced their price target on shares of Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.89.

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.