Synchrony Financial $SYF Stake Cut by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF) by 6.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,790,579 shares of the financial services provider’s stock after selling 122,133 shares during the quarter. Hsbc Holdings PLC’s holdings in Synchrony Financial were worth $149,546,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. State Street Corp increased its position in Synchrony Financial by 1.0% in the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock worth $1,355,698,000 after buying an additional 191,920 shares during the period. Bank of America Corp DE boosted its stake in Synchrony Financial by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock valued at $1,018,517,000 after purchasing an additional 739,832 shares during the period. Morgan Stanley boosted its stake in Synchrony Financial by 7.6% during the 4th quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock valued at $519,778,000 after purchasing an additional 442,226 shares during the period. Invesco Ltd. grew its position in Synchrony Financial by 10.4% in the 4th quarter. Invesco Ltd. now owns 5,490,921 shares of the financial services provider’s stock worth $458,108,000 after purchasing an additional 517,781 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Synchrony Financial by 8.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock worth $354,194,000 after purchasing an additional 406,796 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Loop Capital assumed coverage on shares of Synchrony Financial in a research note on Friday, May 22nd. They set a “hold” rating and a $81.00 target price on the stock. Truist Financial lifted their target price on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Wells Fargo & Company lowered their target price on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. JPMorgan Chase & Co. lowered their price objective on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus target price of $86.47.

Synchrony Financial Stock Down 0.2%

Shares of SYF stock opened at $76.20 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a fifty day moving average price of $73.51 and a 200 day moving average price of $74.24. Synchrony Financial has a one year low of $63.08 and a one year high of $88.77. The stock has a market cap of $25.63 billion, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 0.67 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data 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. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the company posted $1.89 EPS. The company’s revenue was down 7.4% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Analysts predict that Synchrony Financial will post 9.34 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s payout ratio is presently 12.41%.

Synchrony Financial declared that its board has initiated a stock repurchase program on Tuesday, April 21st that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, insider Jonathan S. Mothner sold 51,258 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were 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 in the company, valued at $9,449,656.72. This represents a 27.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is owned by corporate insiders.

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.