Jupiter Asset Management Ltd. Acquires New Shares in Synchrony Financial $SYF

Jupiter Asset Management Ltd. acquired a new stake in Synchrony Financial (NYSE:SYF) in the third quarter, according to its most recent filing with the SEC. The fund acquired 29,672 shares of the financial services provider’s stock, valued at approximately $2,108,000.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. grew its position in shares of Synchrony Financial by 100.0% in the third 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 in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in Synchrony Financial in the 2nd quarter worth about $26,000. Salomon & Ludwin LLC boosted its stake in Synchrony Financial by 54.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 146 shares during the period. True Wealth Design LLC grew its holdings in Synchrony Financial by 5,787.5% during the 2nd quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock valued at $31,000 after buying an additional 463 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after buying an additional 455 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Upgrades and Downgrades

SYF has been the subject of several recent analyst reports. TD Cowen boosted their price objective on shares of Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Wells Fargo & Company boosted their price target on shares of Synchrony Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Robert W. Baird upgraded Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price objective on the stock in a research report on Friday, February 13th. Truist Financial dropped their price objective on Synchrony Financial from $92.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, January 29th. Finally, Keefe, Bruyette & Woods raised their price target on Synchrony Financial from $95.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.11.

Insider Activity at Synchrony Financial

In related news, Director Arthur W. Coviello, Jr. sold 4,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $72.32, for a total transaction of $289,280.00. Following the transaction, the director owned 32,444 shares of the company’s stock, valued at approximately $2,346,350.08. This trade represents a 10.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Curtis Howse sold 52,556 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 $3,800,849.92. Following the completion of the transaction, the insider owned 94,196 shares in the company, valued at approximately $6,812,254.72. The trade was a 35.81% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.32% of the company’s stock.

Synchrony Financial Stock Up 1.5%

SYF opened at $73.36 on Friday. The business’s fifty day simple moving average is $79.00 and its 200 day simple moving average is $75.96. Synchrony Financial has a 52 week low of $40.54 and a 52 week high of $88.77. 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 stock has a market cap of $25.50 billion, a PE ratio of 7.90, a P/E/G ratio of 0.65 and a beta of 1.43.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data 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 for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were given 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 was Friday, February 6th. Synchrony Financial’s dividend payout ratio (DPR) is presently 12.92%.

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.