AustralianSuper Pty Ltd Has $139.56 Million Holdings in Synchrony Financial $SYF

AustralianSuper Pty Ltd grew its holdings in shares of Synchrony Financial (NYSE:SYF) by 27.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,672,728 shares of the financial services provider’s stock after purchasing an additional 362,862 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Synchrony Financial were worth $139,556,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its position in shares of Synchrony Financial by 1.0% during the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock valued at $1,355,698,000 after acquiring an additional 191,920 shares during the period. Bank of America Corp DE increased its stake in Synchrony Financial by 5.4% in the third 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. Ameriprise Financial Inc. raised its holdings in shares of Synchrony Financial by 8.3% during the second quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock valued at $354,194,000 after purchasing an additional 406,796 shares during the period. Nordea Investment Management AB raised its holdings in shares of Synchrony Financial by 13.0% during the fourth quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock valued at $431,999,000 after purchasing an additional 592,567 shares during the period. Finally, Assetmark Inc. boosted its position in shares of Synchrony Financial by 48.3% during the 3rd quarter. Assetmark Inc. now owns 4,349,059 shares of the financial services provider’s stock worth $309,001,000 after purchasing an additional 1,416,909 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 47,112 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $67.16, for a total transaction of $3,164,041.92. Following the transaction, the insider directly owned 64,221 shares in the company, valued at approximately $4,313,082.36. This trade represents a 42.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bart Schaller sold 12,980 shares of Synchrony Financial stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $878,875.80. Following the transaction, the insider directly owned 34,035 shares in the company, valued at $2,304,509.85. This represents a 27.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 323,372 shares of company stock valued at $22,080,634 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays raised their target price on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Compass Point upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Wednesday, January 28th. Wells Fargo & Company reduced their price objective 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. Wall Street Zen downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.32.

Synchrony Financial Trading Up 2.1%

NYSE:SYF opened at $71.27 on Friday. 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 one year low of $55.67 and a one year high of $88.77. The company has a market cap of $23.97 billion, a PE ratio of 7.37, a PEG ratio of 0.61 and a beta of 1.37. The firm has a 50-day moving average of $70.67 and a 200-day moving average of $74.95.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.13. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities research analysts expect that Synchrony Financial will post 9.29 EPS for the current fiscal year.

Synchrony Financial declared that its board has authorized a share repurchase plan on Tuesday, April 21st that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Synchrony Financial’s payout ratio is presently 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.