Kingsview Wealth Management LLC Acquires 11,075 Shares of Synchrony Financial $SYF

Kingsview Wealth Management LLC grew its position in shares of Synchrony Financial (NYSE:SYF) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,219 shares of the financial services provider’s stock after buying an additional 11,075 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Synchrony Financial were worth $12,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Investment Advisors MI lifted its holdings 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 valued at $4,890,000 after buying an additional 20,778 shares during the period. Bank of America Corp DE lifted its holdings in shares of Synchrony Financial by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock valued at $1,018,517,000 after buying an additional 739,832 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Synchrony Financial by 38.2% during the 3rd quarter. Federated Hermes Inc. now owns 720,016 shares of the financial services provider’s stock valued at $51,157,000 after buying an additional 198,991 shares during the period. Tredje AP fonden lifted its holdings in shares of Synchrony Financial by 71.5% during the 3rd quarter. Tredje AP fonden now owns 54,811 shares of the financial services provider’s stock valued at $3,894,000 after buying an additional 22,856 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Synchrony Financial during the 3rd quarter valued at $2,108,000. 96.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SYF. JPMorgan Chase & Co. lowered their price target on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Compass Point raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Wednesday, January 28th. Truist Financial increased their price target on Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Wall Street Zen lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Barclays upped their price objective on Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average price target of $86.05.

Synchrony Financial Trading Up 0.2%

NYSE:SYF opened at $72.05 on Thursday. 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 capitalization of $24.23 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.63 and a beta of 1.37. Synchrony Financial has a one year low of $56.51 and a one year high of $88.77. The business has a fifty day moving average price of $71.66 and a 200-day moving average price of $74.79.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the business posted $1.89 EPS. Synchrony Financial’s revenue for the quarter 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. Sell-side analysts forecast that Synchrony Financial will post 9.29 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, May 5th. Synchrony Financial’s dividend payout ratio is presently 12.41%.

Synchrony Financial declared that its Board of Directors has authorized a share buyback plan on Tuesday, April 21st that permits the company to buyback $0.00 in shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $71.23, for a total value of $3,651,107.34. Following the completion of the sale, the insider owned 132,664 shares in the company, valued at approximately $9,449,656.72. This represents a 27.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alberto Casellas sold 14,399 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $974,956.29. Following the completion of the sale, the insider owned 50,331 shares of the company’s stock, valued at $3,407,912.01. The trade was a 22.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 374,630 shares of company stock worth $25,731,741 in the last three months. 0.36% of the stock is owned by company insiders.

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.