Sovran Advisors LLC Has $4.26 Million Stock Position in Synchrony Financial $SYF

Sovran Advisors LLC reduced its holdings in shares of Synchrony Financial (NYSE:SYF) by 41.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,788 shares of the financial services provider’s stock after selling 38,088 shares during the quarter. Sovran Advisors LLC’s holdings in Synchrony Financial were worth $4,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYF. Donoghue Forlines LLC bought a new stake in Synchrony Financial during the third quarter worth about $2,064,000. Nordea Investment Management AB grew its stake in 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 in the last quarter. Ritholtz Wealth Management increased its position in shares of Synchrony Financial by 73.8% during the 3rd quarter. Ritholtz Wealth Management now owns 77,220 shares of the financial services provider’s stock worth $5,486,000 after purchasing an additional 32,802 shares during the last quarter. Strategic Investment Advisors MI increased its position in shares of Synchrony Financial by 43.2% during the 3rd quarter. Strategic Investment Advisors MI now owns 68,841 shares of the financial services provider’s stock worth $4,890,000 after purchasing an additional 20,778 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Synchrony Financial by 6.1% during the 2nd quarter. AQR Capital Management LLC now owns 4,266,366 shares of the financial services provider’s stock worth $284,737,000 after purchasing an additional 245,527 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Brian D. Doubles sold 217,554 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $68.68, for a total value of $14,941,608.72. Following the transaction, the insider directly owned 829,222 shares of the company’s stock, valued at $56,950,966.96. This represents a 20.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alberto Casellas sold 14,399 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $974,956.29. Following the sale, the insider owned 50,331 shares of the company’s stock, valued at $3,407,912.01. This trade represents a 22.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 379,928 shares of company stock worth $26,170,764 in the last quarter. 0.32% of the stock is owned by corporate insiders.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $68.45 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $23.79 billion, a P/E ratio of 7.37, a P/E/G ratio of 0.60 and a beta of 1.39. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $88.77. The stock has a 50 day moving average of $69.75 and a 200-day moving average of $74.63.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.16. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter last year, the firm posted $1.91 EPS. The company’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. As a group, equities research analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, February 6th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Synchrony Financial’s dividend payout ratio is presently 12.92%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SYF shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, January 21st. TD Cowen upped their price target on shares of Synchrony Financial from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Wall Street Zen cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Wolfe Research initiated coverage on shares of Synchrony Financial in a research report on Monday, December 8th. They issued an “outperform” rating and a $92.00 price objective for the company. Finally, Truist Financial lowered their price objective on shares of Synchrony Financial from $84.00 to $71.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.42.

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.