Aberdeen Group plc Decreases Stake in Synchrony Financial $SYF

Aberdeen Group plc trimmed its position in shares of Synchrony Financial (NYSE:SYF) by 17.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 315,127 shares of the financial services provider’s stock after selling 66,673 shares during the period. Aberdeen Group plc owned about 0.09% of Synchrony Financial worth $23,105,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its holdings in shares of Synchrony Financial by 15.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,106 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 145 shares in the last quarter. United Community Bank increased its holdings in Synchrony Financial by 3.4% in the third quarter. United Community Bank now owns 4,469 shares of the financial services provider’s stock valued at $318,000 after buying an additional 145 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in Synchrony Financial by 54.9% in the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after buying an additional 146 shares during the last quarter. SYM FINANCIAL Corp raised its stake in Synchrony Financial by 3.0% in the third quarter. SYM FINANCIAL Corp now owns 5,126 shares of the financial services provider’s stock valued at $364,000 after buying an additional 148 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Synchrony Financial by 3.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock worth $333,000 after buying an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Activity at Synchrony Financial

In related news, Director Arthur W. Coviello, Jr. sold 4,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total transaction of $289,280.00. Following the completion of the sale, the director directly owned 32,444 shares of the company’s stock, valued at $2,346,350.08. This trade represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Curtis Howse sold 52,556 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $72.32, for a total transaction of $3,800,849.92. Following the completion of the transaction, the insider directly owned 94,196 shares in the company, valued at $6,812,254.72. This represents a 35.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.32% of the stock is owned by corporate insiders.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $72.20 on Wednesday. The firm’s fifty day simple moving average is $79.72 and its 200-day simple moving average is $75.94. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $88.77. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 0.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. Synchrony Financial’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, February 6th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, February 6th. Synchrony Financial’s payout ratio is 12.92%.

Wall Street Analyst Weigh In

SYF has been the topic of a number of recent analyst reports. Truist Financial dropped their price objective on Synchrony Financial from $92.00 to $84.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Wall Street Zen lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Keefe, Bruyette & Woods boosted their price objective on shares of Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. BTIG Research lowered their target price on shares of Synchrony Financial from $100.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Finally, Wells Fargo & Company lifted their price target on shares of Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.11.

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.