Eurizon Capital SGR S.p.A. Takes Position in Synchrony Financial $SYF

Eurizon Capital SGR S.p.A. purchased a new stake in Synchrony Financial (NYSE:SYF) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 475,007 shares of the financial services provider’s stock, valued at approximately $39,640,000.

Other large investors also recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new position in shares of Synchrony Financial in the 4th quarter valued at $29,000. Westside Investment Management Inc. raised its position in Synchrony Financial by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 179 shares during the last quarter. FWL Investment Management LLC bought a new position in Synchrony Financial during the 3rd quarter worth $26,000. Palisade Asset Management LLC acquired a new position in Synchrony Financial during the 3rd quarter worth about $29,000. Finally, Colonial Trust Co SC increased its stake in shares of Synchrony Financial by 40.2% in the third quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock valued at $34,000 after buying an additional 136 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Jonathan S. Mothner sold 51,258 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 132,664 shares of the company’s stock, valued at $9,449,656.72. This represents a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $67.16, for a total value of $3,164,041.92. Following the completion of the transaction, the insider directly owned 64,221 shares of the company’s stock, valued at approximately $4,313,082.36. This represents a 42.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 374,630 shares of company stock valued at $25,731,741 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Synchrony Financial Price Performance

SYF stock opened at $71.44 on Friday. The company has a market capitalization of $24.03 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.37. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 52-week low of $56.51 and a 52-week high of $88.77. The business has a 50-day simple moving average of $71.92 and a two-hundred day simple moving average of $74.76.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Research analysts expect that Synchrony Financial will post 9.29 EPS for the current fiscal year.

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

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio is currently 12.41%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. Barclays lifted their price objective on Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Truist Financial lifted their price objective on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Finally, Wall Street Zen lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.05.

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.