Center For Asset Management LLC Purchases 13,347 Shares of Synchrony Financial $SYF

Center For Asset Management LLC boosted its position in Synchrony Financial (NYSE:SYF) by 118.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,613 shares of the financial services provider’s stock after purchasing an additional 13,347 shares during the period. Center For Asset Management LLC’s holdings in Synchrony Financial were worth $1,749,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SYF. Colonial Trust Co SC lifted its stake in shares of Synchrony Financial by 40.2% in the 3rd quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 136 shares during the period. United Community Bank grew its position in Synchrony Financial by 3.4% during the third quarter. United Community Bank now owns 4,469 shares of the financial services provider’s stock valued at $318,000 after buying an additional 145 shares during the period. Salomon & Ludwin LLC grew its position 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 buying an additional 146 shares during the period. SYM FINANCIAL Corp increased its holdings in Synchrony Financial by 3.0% during the third quarter. SYM FINANCIAL Corp now owns 5,126 shares of the financial services provider’s stock valued at $364,000 after buying an additional 148 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Synchrony Financial by 3.1% during the second quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock valued at $333,000 after buying an additional 149 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Darrell Owens sold 3,865 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $261,699.15. Following the completion of the sale, the insider owned 17,432 shares in the company, valued at approximately $1,180,320.72. This trade represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian D. Doubles sold 217,554 shares of Synchrony Financial stock in a transaction that occurred on 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 sale, the insider directly owned 829,222 shares in the company, valued at $56,950,966.96. This trade represents a 20.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 379,928 shares of company stock valued at $26,170,764 in the last three months. 0.33% of the stock is currently owned by insiders.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $65.14 on Wednesday. The stock has a market cap of $22.64 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.57 and a beta of 1.42. Synchrony Financial has a 1 year low of $40.54 and a 1 year high of $88.77. The firm has a fifty day moving average price of $73.23 and a 200-day moving average price of $75.43. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.16. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. Synchrony Financial’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.91 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

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

Analyst Ratings Changes

SYF has been the topic of several analyst reports. Wolfe Research assumed coverage on shares of Synchrony Financial in a research note on Monday, December 8th. They set an “outperform” rating and a $92.00 price target on the stock. Royal Bank Of Canada decreased their target price on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. cut their price target on Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Finally, TD Cowen raised their price objective on Synchrony Financial from $91.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.11.

Synchrony Financial 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.