New York State Common Retirement Fund Sells 15,000 Shares of Synchrony Financial $SYF

New York State Common Retirement Fund cut its stake in shares of Synchrony Financial (NYSE:SYF) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 197,729 shares of the financial services provider’s stock after selling 15,000 shares during the period. New York State Common Retirement Fund owned about 0.05% of Synchrony Financial worth $14,049,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SYF. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of Synchrony Financial during the 2nd quarter valued at approximately $26,000. Salomon & Ludwin LLC lifted its holdings in Synchrony Financial by 54.9% during the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 146 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Synchrony Financial by 5,787.5% in the second quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 463 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Synchrony Financial in the third quarter worth $35,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Synchrony Financial during the 2nd quarter valued at $39,000. Institutional investors own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SYF. BTIG Research dropped 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. Wells Fargo & Company upped their price objective on Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. UBS Group increased their target price on Synchrony Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Truist Financial lowered their price target on Synchrony Financial from $92.00 to $84.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Finally, Wolfe Research began coverage on Synchrony Financial in a research note on Monday, December 8th. They issued an “outperform” rating and a $92.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.05.

Synchrony Financial Price Performance

NYSE:SYF opened at $73.53 on Tuesday. The company has a market capitalization of $26.48 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.51 and a beta of 1.43. The business’s 50-day moving average is $80.94 and its 200 day moving average is $75.75. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $88.77.

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

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, February 6th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Synchrony Financial’s payout ratio is 12.92%.

Synchrony Financial announced that its board has initiated a stock repurchase plan on Wednesday, October 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, insider Jonathan S. Mothner sold 32,000 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $72.80, for a total value of $2,329,600.00. Following the completion of the transaction, the insider owned 127,100 shares of the company’s stock, valued at approximately $9,252,880. This trade represents a 20.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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.