Arthur Coviello, Jr. Sells 4,000 Shares of Synchrony Financial (NYSE:SYF) Stock

Synchrony Financial (NYSE:SYF) Director Arthur Coviello, Jr. sold 4,000 shares of the firm’s 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 transaction, the director directly owned 32,444 shares of the company’s stock, valued at approximately $2,346,350.08. This trade represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Synchrony Financial Price Performance

SYF stock opened at $73.96 on Friday. The stock’s 50 day moving average price is $80.79 and its 200 day moving average price is $75.76. The firm has a market cap of $26.64 billion, a P/E ratio of 7.96, a PEG ratio of 0.52 and a beta of 1.43. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current 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 analysts’ consensus estimates of $2.02 by $0.16. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the previous year, the firm posted $1.91 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, sell-side analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

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

Synchrony Financial declared that its board has initiated a share buyback plan on Wednesday, October 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Synchrony Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Colonial Trust Co SC grew its position in Synchrony Financial by 40.2% during the third quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 136 shares during the period. CoreCap Advisors LLC lifted its stake in shares of Synchrony Financial by 34.4% in the 4th quarter. CoreCap Advisors LLC now owns 543 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 139 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Synchrony Financial by 15.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,106 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 145 shares during the period. United Community Bank increased its position in Synchrony Financial by 3.4% during the 3rd quarter. United Community Bank now owns 4,469 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 145 shares in the last quarter. Finally, Choreo LLC increased its position in Synchrony Financial by 1.1% during the 4th quarter. Choreo LLC now owns 13,486 shares of the financial services provider’s stock worth $1,137,000 after purchasing an additional 145 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SYF has been the subject of a number of analyst reports. Royal Bank Of Canada cut their price objective on shares of Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. Wolfe Research initiated coverage on Synchrony Financial in a report on Monday, December 8th. They issued an “outperform” rating and a $92.00 price target for the company. BTIG Research reduced their price target on Synchrony Financial from $100.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. HSBC upgraded Synchrony Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $73.00 to $81.00 in a report on Friday, October 10th. Finally, Hsbc Global Res upgraded Synchrony Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.05.

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.