Synchrony Financial $SYF Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG decreased its holdings in Synchrony Financial (NYSE:SYF) by 70.7% in the 1st quarter, HoldingsChannel reports. The fund owned 12,150 shares of the financial services provider’s stock after selling 29,331 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Synchrony Financial were worth $826,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SYF. FWL Investment Management LLC purchased a new stake in shares of Synchrony Financial during the 3rd quarter worth $26,000. Palisade Asset Management LLC purchased a new position in shares of Synchrony Financial in the 3rd quarter valued at about $29,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Synchrony Financial in the 4th quarter valued at about $29,000. Advisors Asset Management Inc. acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at about $29,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Synchrony Financial by 337.0% in the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SYF has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. UBS Group raised their price objective on Synchrony Financial from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. HSBC lifted their price objective on Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen raised their price target on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Robert W. Baird lifted their price target on Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Twelve equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.32.

Insider Activity at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 51,258 shares of the 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 directly 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by corporate insiders.

Synchrony Financial Stock Performance

NYSE:SYF opened at $73.61 on Wednesday. The firm has a 50 day simple moving average of $73.11 and a 200-day simple moving average of $73.62. 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 firm has a market cap of $24.76 billion, a PE ratio of 7.61, a P/E/G ratio of 0.69 and a beta of 1.32. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.13. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the firm posted $1.89 earnings per share. The company’s quarterly 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. On average, equities analysts expect that Synchrony Financial will post 9.33 EPS for the current year.

Synchrony Financial Announces Dividend

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

Synchrony Financial declared that its board has authorized a stock repurchase plan on Tuesday, April 21st that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.