Victory Capital Management Inc. Sells 147,669 Shares of Synchrony Financial $SYF

Victory Capital Management Inc. decreased its stake in Synchrony Financial (NYSE:SYF) by 9.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,458,736 shares of the financial services provider’s stock after selling 147,669 shares during the period. Victory Capital Management Inc.’s holdings in Synchrony Financial were worth $103,643,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Westside Investment Management Inc. raised its position in shares of Synchrony Financial by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 179 shares during the period. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of Synchrony Financial during the second quarter worth $26,000. Salomon & Ludwin LLC grew its holdings in shares of Synchrony Financial by 54.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after buying an additional 146 shares during the period. True Wealth Design LLC raised its stake 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 worth $31,000 after buying an additional 463 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 455 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SYF has been the topic of a number of research analyst reports. Compass Point raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Wednesday, January 28th. JPMorgan Chase & Co. dropped their target price on shares of Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, January 21st. BTIG Research dropped their price objective on shares of Synchrony Financial from $100.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, January 27th. Finally, 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 report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Synchrony Financial has an average rating of “Moderate Buy” and an average target price of $87.11.

Insiders Place Their Bets

In related news, insider Darrell Owens sold 3,865 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $261,699.15. Following the sale, the insider owned 17,432 shares in the company, valued at approximately $1,180,320.72. This represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian D. Doubles sold 217,554 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $68.68, for a total value of $14,941,608.72. Following the completion of the transaction, the insider owned 829,222 shares of the company’s stock, valued at approximately $56,950,966.96. This represents a 20.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 379,928 shares of company stock valued at $26,170,764 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $69.25 on Thursday. The company’s fifty day simple moving average is $76.76 and its 200-day simple moving average is $75.93. 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 market cap of $24.07 billion, a PE ratio of 7.45, a P/E/G ratio of 0.61 and a beta of 1.42. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $88.77.

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

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, February 6th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Synchrony Financial’s payout ratio is currently 12.92%.

Synchrony Financial Company 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.