Canoe Financial LP Trims Stake in Synchrony Financial $SYF

Canoe Financial LP reduced its holdings in Synchrony Financial (NYSE:SYF) by 39.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,094 shares of the financial services provider’s stock after selling 13,690 shares during the quarter. Canoe Financial LP’s holdings in Synchrony Financial were worth $1,435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Formidable Asset Management LLC boosted its position in shares of Synchrony Financial by 8.1% during the 1st quarter. Formidable Asset Management LLC now owns 12,027 shares of the financial services provider’s stock valued at $818,000 after acquiring an additional 905 shares during the last quarter. Patton Fund Management Inc. grew its holdings in shares of Synchrony Financial by 9.7% during the first quarter. Patton Fund Management Inc. now owns 3,571 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 317 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Synchrony Financial in the first quarter worth approximately $269,000. Foster & Motley Inc. raised its stake in Synchrony Financial by 12.2% in the first quarter. Foster & Motley Inc. now owns 65,011 shares of the financial services provider’s stock valued at $4,422,000 after purchasing an additional 7,070 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in Synchrony Financial in the first quarter valued at approximately $1,204,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SYF. Truist Financial boosted their price target on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Loop Capital started coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They set a “hold” rating and a $81.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Robert W. Baird lifted their price objective on shares of Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company cut their target price on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $86.05.

Synchrony Financial Stock Performance

NYSE:SYF opened at $78.72 on Monday. The company has a market capitalization of $26.48 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.69 and a beta of 1.33. The business has a 50 day moving average of $73.61 and a 200 day moving average of $74.42. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the business earned $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, sell-side analysts predict that Synchrony Financial will post 9.34 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. Synchrony Financial’s dividend payout ratio (DPR) is currently 12.41%.

Synchrony Financial declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Activity at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction on Friday, May 15th. The shares were sold at an average price of $71.23, for a total value of $3,651,107.34. Following the transaction, the insider owned 132,664 shares in the company, valued at $9,449,656.72. This trade represents a 27.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.36% of the company’s stock.

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.