Skandinaviska Enskilda Banken AB publ Decreases Stock Position in Synchrony Financial $SYF

Skandinaviska Enskilda Banken AB publ lessened its holdings in Synchrony Financial (NYSE:SYF) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 194,535 shares of the financial services provider’s stock after selling 13,052 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.05% of Synchrony Financial worth $13,822,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position in 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 last quarter. United Community Bank lifted its stake in shares of Synchrony Financial by 3.4% during the third quarter. United Community Bank now owns 4,469 shares of the financial services provider’s stock worth $318,000 after buying an additional 145 shares during the period. Salomon & Ludwin LLC grew its holdings in shares of 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 buying an additional 146 shares during the last quarter. SYM FINANCIAL Corp increased its position in shares of Synchrony Financial by 3.0% in the 3rd quarter. SYM FINANCIAL Corp now owns 5,126 shares of the financial services provider’s stock valued at $364,000 after acquiring an additional 148 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Synchrony Financial by 3.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 149 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insider Activity

In related news, insider Curtis Howse sold 52,556 shares of Synchrony Financial stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $72.32, for a total value of $3,800,849.92. Following the completion of the transaction, the insider owned 94,196 shares in the company, valued at $6,812,254.72. The trade was a 35.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arthur W. Coviello, Jr. sold 4,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total value of $289,280.00. Following the transaction, the director owned 32,444 shares in the company, valued at $2,346,350.08. This represents a 10.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

SYF has been the topic of several research analyst reports. Robert W. Baird upgraded Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price target on the stock in a research note on Friday, February 13th. Wells Fargo & Company upped their target price on Synchrony Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Wall Street Zen downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. JPMorgan Chase & Co. decreased their price objective on shares of Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Finally, 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 on the stock in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $87.11.

Synchrony Financial Trading Up 0.7%

Synchrony Financial stock opened at $72.85 on Thursday. The firm has a market cap of $25.32 billion, a PE ratio of 7.84, a P/E/G ratio of 0.50 and a beta of 1.43. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $88.77. The stock’s 50 day simple moving average is $79.49 and its two-hundred day simple moving average is $75.92. 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 (NYSE:SYF) last posted its earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.16. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the firm earned $1.91 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were given a $0.30 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Synchrony Financial’s dividend payout ratio is 12.92%.

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.