Renaissance Group LLC Invests $573,000 in Synchrony Financial $SYF

Renaissance Group LLC acquired a new stake in Synchrony Financial (NYSE:SYF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,068 shares of the financial services provider’s stock, valued at approximately $573,000.

A number of other institutional investors have also recently bought and sold shares of the business. Canada Post Corp Registered Pension Plan raised its position in shares of Synchrony Financial by 431.3% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 33,235 shares of the financial services provider’s stock valued at $2,437,000 after acquiring an additional 26,979 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Synchrony Financial during the third quarter worth $203,000. Bessemer Group Inc. increased its holdings in Synchrony Financial by 5.1% in the third quarter. Bessemer Group Inc. now owns 9,287 shares of the financial services provider’s stock valued at $658,000 after purchasing an additional 450 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Synchrony Financial by 28.1% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 24,240 shares of the financial services provider’s stock valued at $1,722,000 after buying an additional 5,318 shares during the period. Finally, Savant Capital LLC boosted its holdings in Synchrony Financial by 3.9% during the third quarter. Savant Capital LLC now owns 97,176 shares of the financial services provider’s stock worth $6,904,000 after buying an additional 3,603 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Trading Up 1.6%

Shares of NYSE:SYF opened at $75.19 on Friday. The firm has a market cap of $27.08 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.52 and a beta of 1.43. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $88.77. The company’s fifty day simple moving average is $80.75 and its 200 day simple moving average is $75.84. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, research analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Synchrony Financial’s dividend payout ratio is 12.92%.

Synchrony Financial declared that its Board of Directors has approved a stock repurchase plan on Wednesday, October 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 3.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

SYF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Barclays lowered their target price on shares of Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. Wall Street Zen cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Truist Financial decreased their price target on shares of Synchrony Financial from $92.00 to $84.00 and set a “hold” rating for the company in a report on Thursday, January 29th. Finally, Wells Fargo & Company raised their price objective on Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.05.

Insider Transactions at Synchrony Financial

In other news, insider Curtis Howse sold 52,556 shares of Synchrony Financial stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $72.32, for a total value of $3,800,849.92. Following the sale, the insider directly owned 94,196 shares in the company, valued at $6,812,254.72. This trade represents a 35.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arthur W. Coviello, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total transaction of $289,280.00. Following the completion of the sale, the director directly owned 32,444 shares in the company, valued at approximately $2,346,350.08. This represents a 10.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 88,556 shares of company stock valued at $6,419,730 in the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

About Synchrony Financial

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.