Resona Asset Management Co. Ltd. Has $9.76 Million Stock Holdings in Synchrony Financial $SYF

Resona Asset Management Co. Ltd. cut its position in Synchrony Financial (NYSE:SYF) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,684 shares of the financial services provider’s stock after selling 7,758 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Synchrony Financial were worth $9,763,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its stake in Synchrony Financial by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 179 shares during the last quarter. FWL Investment Management LLC acquired a new position in Synchrony Financial during the 3rd quarter valued at about $26,000. Palisade Asset Management LLC acquired a new position in Synchrony Financial during the 3rd quarter valued at about $29,000. Colonial Trust Co SC boosted its stake in 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 purchasing an additional 136 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in 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 purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $71.99 on Friday. Synchrony Financial has a 52 week low of $55.67 and a 52 week high of $88.77. The company’s 50 day moving average price is $71.04 and its two-hundred day moving average price is $74.84. 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 stock has a market cap of $24.21 billion, a P/E ratio of 7.44, a P/E/G ratio of 0.63 and a beta of 1.37.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.81 billion. During the same quarter last year, the firm earned $1.89 EPS. The company’s quarterly revenue 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. On average, equities analysts predict that Synchrony Financial will post 9.29 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is currently 12.41%.

Synchrony Financial announced that its board has approved a share repurchase program 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. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wells Fargo & Company cut 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 lifted their price target on Synchrony Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Barclays lifted their price target on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. BTIG Research downgraded Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.32.

Insider Activity

In other Synchrony Financial news, insider Bart Schaller sold 12,980 shares of Synchrony Financial stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $67.71, for a total transaction of $878,875.80. Following the transaction, the insider owned 34,035 shares of the company’s stock, valued at $2,304,509.85. This trade represents a 27.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian D. Doubles sold 217,554 shares of Synchrony Financial stock in a transaction that occurred on Monday, March 2nd. The stock was 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 in the company, valued at approximately $56,950,966.96. This represents a 20.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 374,630 shares of company stock worth $25,731,741. Corporate insiders own 0.36% of the company’s stock.

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.