Livforsakringsbolaget Skandia Omsesidigt Has $14.56 Million Holdings in Synchrony Financial $SYF

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Synchrony Financial (NYSE:SYF) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 214,112 shares of the financial services provider’s stock after acquiring an additional 19,100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Synchrony Financial were worth $14,562,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Synchrony Financial during the 4th quarter worth approximately $383,231,000. Bank of America Corp DE increased its holdings in shares of Synchrony Financial by 34.6% during the second quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock worth $907,356,000 after purchasing an additional 3,494,741 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at approximately $84,494,000. Worldquant Millennium Advisors LLC raised its position in shares of Synchrony Financial by 222.5% in the second quarter. Worldquant Millennium Advisors LLC now owns 937,296 shares of the financial services provider’s stock valued at $62,555,000 after buying an additional 646,642 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Synchrony Financial by 13.0% in the fourth quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock valued at $431,999,000 after buying an additional 592,567 shares during the period. Institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Truist Financial increased their price target on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. TD Cowen lifted their price objective on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Loop Capital initiated coverage on Synchrony Financial in a report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price objective for the company. Wells Fargo & Company cut their target price on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. Twelve investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $87.32.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $73.61 on Wednesday. The firm has a 50 day moving average of $73.11 and a 200-day moving average of $73.62. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $24.76 billion, a PE ratio of 7.61, a PEG ratio of 0.69 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.13. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, equities research analysts predict that Synchrony Financial will post 9.33 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s dividend payout ratio is presently 12.41%.

Synchrony Financial announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 21st that allows the company to buyback $0.00 in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $71.23, for a total value of $3,651,107.34. Following the sale, the insider owned 132,664 shares of the company’s stock, valued at approximately $9,449,656.72. This trade represents a 27.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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.