Tredje AP fonden Boosts Holdings in Synchrony Financial $SYF

Tredje AP fonden grew its position in shares of Synchrony Financial (NYSE:SYF) by 71.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,811 shares of the financial services provider’s stock after purchasing an additional 22,856 shares during the quarter. Tredje AP fonden’s holdings in Synchrony Financial were worth $3,894,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Donoghue Forlines LLC purchased a new stake in shares of Synchrony Financial during the 3rd quarter worth $2,064,000. Brandywine Global Investment Management LLC increased its holdings in shares of Synchrony Financial by 56.5% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 370,383 shares of the financial services provider’s stock valued at $24,719,000 after purchasing an additional 133,780 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Synchrony Financial by 7.9% in the third quarter. Nordea Investment Management AB now owns 4,542,336 shares of the financial services provider’s stock valued at $318,236,000 after purchasing an additional 333,093 shares during the period. Ritholtz Wealth Management boosted its holdings in Synchrony Financial by 73.8% during the third quarter. Ritholtz Wealth Management now owns 77,220 shares of the financial services provider’s stock worth $5,486,000 after buying an additional 32,802 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Synchrony Financial by 6.1% during the second quarter. AQR Capital Management LLC now owns 4,266,366 shares of the financial services provider’s stock worth $284,737,000 after buying an additional 245,527 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird raised shares of Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 target price for the company in a report on Friday, February 13th. Keefe, Bruyette & Woods upped their price target on Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Truist Financial dropped their price objective on Synchrony Financial from $92.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given 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.

Insider Transactions at Synchrony Financial

In related news, insider Curtis Howse sold 52,556 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 94,196 shares in the company, valued at approximately $6,812,254.72. This trade represents a 35.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur W. Coviello, Jr. sold 4,000 shares of Synchrony Financial stock in a transaction that occurred 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. The trade was a 10.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.32% of the company’s stock.

Synchrony Financial Trading Up 1.5%

Shares of Synchrony Financial stock opened at $73.36 on Friday. The business has a 50 day moving average price of $79.00 and a 200 day moving average price of $75.96. The company has a market capitalization of $25.50 billion, a P/E ratio of 7.90, a P/E/G ratio of 0.65 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 has a 1 year low of $40.54 and a 1 year high of $88.77.

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

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, February 6th. Synchrony Financial’s dividend payout ratio (DPR) is currently 12.92%.

About Synchrony Financial

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.