RWC Asset Management LLP Increases Position in Synchrony Financial $SYF

RWC Asset Management LLP boosted its holdings in Synchrony Financial (NYSE:SYF) by 14.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 113,924 shares of the financial services provider’s stock after acquiring an additional 14,222 shares during the period. RWC Asset Management LLP’s holdings in Synchrony Financial were worth $9,505,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its stake in shares of Synchrony Financial by 7.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,995 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 135 shares during the last quarter. Colonial Trust Co SC raised its holdings in 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. CoreCap Advisors LLC raised its holdings in Synchrony Financial by 34.4% in the fourth quarter. CoreCap Advisors LLC now owns 543 shares of the financial services provider’s stock valued at $45,000 after buying an additional 139 shares during the period. Choreo LLC raised its holdings in Synchrony Financial by 1.1% in the fourth quarter. Choreo LLC now owns 13,486 shares of the financial services provider’s stock valued at $1,137,000 after buying an additional 145 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Synchrony Financial by 3.1% in the second quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock valued at $333,000 after buying an additional 149 shares during the period. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock opened at $70.85 on Monday. 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 company’s 50-day moving average price is $72.31 and its two-hundred day moving average price is $74.65. Synchrony Financial has a 52 week low of $58.31 and a 52 week high of $88.77. The stock has a market cap of $23.83 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.33.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data 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 firm had revenue of $3.70 billion for 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 business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, sell-side analysts anticipate that Synchrony Financial will post 9.29 EPS for the current fiscal year.

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

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, May 5th. Synchrony Financial’s payout ratio is presently 12.41%.

Insiders Place Their Bets

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the transaction, the insider owned 132,664 shares of the company’s stock, valued at $9,449,656.72. The trade was a 27.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BTIG Research lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. decreased 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. Truist Financial lifted their price objective on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a report on Monday, April 20th. Finally, Wells Fargo & Company reduced their price target on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.05.

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.