Synchrony Financial $SYF Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC grew its position in Synchrony Financial (NYSE:SYF) by 417.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,880 shares of the financial services provider’s stock after acquiring an additional 8,779 shares during the quarter. Penserra Capital Management LLC’s holdings in Synchrony Financial were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SYF. Norges Bank bought a new stake in Synchrony Financial during the second quarter valued at $299,360,000. Bank of America Corp DE boosted its holdings in shares of Synchrony Financial by 34.6% in 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 during the period. Voya Investment Management LLC grew its position in shares of Synchrony Financial by 149.4% during the 3rd quarter. Voya Investment Management LLC now owns 1,803,690 shares of the financial services provider’s stock valued at $127,844,000 after buying an additional 1,080,389 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Synchrony Financial during the 2nd quarter valued at about $64,429,000. Finally, Massachusetts Financial Services Co. MA raised its stake in Synchrony Financial by 34.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,941,247 shares of the financial services provider’s stock worth $196,299,000 after acquiring an additional 761,263 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their target price on Synchrony Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Barclays lowered their price objective on Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Wednesday, January 21st. Wolfe Research started coverage on shares of Synchrony Financial in a report on Monday, December 8th. They set an “outperform” rating and a $92.00 price target for the company. Finally, Compass Point upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus target price of $87.05.

Insider Buying and Selling at Synchrony Financial

In other news, Director Arthur W. Coviello, Jr. sold 4,000 shares of Synchrony Financial 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 transaction, the director directly owned 32,444 shares in the company, valued at approximately $2,346,350.08. This trade represents a 10.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan S. Mothner sold 32,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $72.80, for a total value of $2,329,600.00. Following the completion of the sale, the insider owned 127,100 shares of the company’s stock, valued at approximately $9,252,880. This trade represents a 20.11% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 88,556 shares of company stock valued at $6,419,730. 0.32% of the stock is owned by corporate insiders.

Synchrony Financial Stock Performance

Shares of SYF opened at $75.19 on Friday. The firm has a market capitalization of $27.08 billion, a PE ratio of 8.09, a P/E/G ratio of 0.52 and a beta of 1.43. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $80.75 and a 200 day moving average price of $75.84. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $88.77.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.84 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. Synchrony Financial’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.91 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, sell-side analysts anticipate that Synchrony Financial will post 7.67 earnings per share 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 paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, February 6th. Synchrony Financial’s dividend payout ratio (DPR) is presently 12.92%.

Synchrony Financial announced that its board has approved a stock repurchase plan on Wednesday, October 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 3.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.