Teachers Retirement System of The State of Kentucky Lowers Holdings in Synchrony Financial $SYF

Teachers Retirement System of The State of Kentucky reduced its position in Synchrony Financial (NYSE:SYF) by 14.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 324,564 shares of the financial services provider’s stock after selling 52,800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Synchrony Financial were worth $22,077,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in shares of Synchrony Financial in the 4th quarter worth $29,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Synchrony Financial during the fourth quarter worth about $29,000. FWL Investment Management LLC acquired a new position in shares of Synchrony Financial during the third quarter worth about $26,000. Reflection Asset Management purchased a new position in Synchrony Financial during the fourth quarter worth about $31,000. Finally, Palisade Asset Management LLC purchased a new position in Synchrony Financial during the third quarter worth about $29,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Up 0.1%

Shares of NYSE SYF opened at $72.49 on Monday. The stock has a market capitalization of $24.38 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.32. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The firm has a 50-day moving average price of $73.17 and a 200 day moving average price of $73.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share 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 company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The firm’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 research analysts anticipate that Synchrony Financial will post 9.33 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a $0.30 dividend. The ex-dividend date was 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 currently 12.41%.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a report on Monday, April 20th. Truist Financial increased their target price on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Barclays raised their price target on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. UBS Group lifted their price target on Synchrony Financial from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company dropped their price objective on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.21.

Insider Buying and Selling at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 51,258 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by corporate insiders.

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.