Synchrony Financial $SYF Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Synchrony Financial (NYSE:SYF) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,338,604 shares of the financial services provider’s stock after purchasing an additional 37,114 shares during the quarter. Assetmark Inc.’s holdings in Synchrony Financial were worth $295,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Investment Advisors MI boosted its position in shares of Synchrony Financial by 43.2% during the 3rd quarter. Strategic Investment Advisors MI now owns 68,841 shares of the financial services provider’s stock worth $4,890,000 after purchasing an additional 20,778 shares during the period. Danske Bank A S acquired a new stake in Synchrony Financial in the 3rd quarter valued at approximately $34,362,000. KTF Investments LLC purchased a new stake in Synchrony Financial in the fourth quarter valued at approximately $3,923,000. Ritholtz Wealth Management raised its position in Synchrony Financial by 21.9% in the fourth quarter. Ritholtz Wealth Management now owns 94,121 shares of the financial services provider’s stock valued at $7,852,000 after purchasing an additional 16,901 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Synchrony Financial by 13.0% during the fourth quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock worth $431,999,000 after purchasing an additional 592,567 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

Shares of SYF opened at $74.19 on Friday. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77. The stock has a market capitalization of $24.96 billion, a PE ratio of 7.67, a PEG ratio of 0.69 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50-day simple moving average of $73.09 and a 200-day simple moving average of $73.46.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.13. The firm 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 firm’s revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, analysts predict that Synchrony Financial will post 9.34 earnings per share for the current fiscal year.

Synchrony Financial declared that its board has approved a share repurchase plan on Tuesday, April 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Synchrony Financial Announces Dividend

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 $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 5th. Synchrony Financial’s dividend payout ratio is 12.41%.

Insiders Place Their Bets

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 directly owned 132,664 shares in the company, valued at $9,449,656.72. This trade represents a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SYF has been the subject of several research analyst reports. TD Cowen raised their price target on Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. UBS Group boosted their price objective on Synchrony Financial from $77.00 to $84.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research note on Monday, April 20th. Wells Fargo & Company lowered their target price on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Barclays lifted their target price on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Twelve research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.32.

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.