iA Global Asset Management Inc. Acquires 8,049 Shares of Synchrony Financial $SYF

iA Global Asset Management Inc. boosted its stake in shares of Synchrony Financial (NYSE:SYF) by 22.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 43,338 shares of the financial services provider’s stock after buying an additional 8,049 shares during the period. iA Global Asset Management Inc.’s holdings in Synchrony Financial were worth $2,948,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in shares of Synchrony Financial in the fourth quarter valued at approximately $29,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Synchrony Financial during the fourth quarter worth $29,000. FWL Investment Management LLC acquired a new stake in shares of Synchrony Financial during the third quarter worth $26,000. Reflection Asset Management bought a new stake in Synchrony Financial in the 4th quarter valued at $31,000. Finally, Palisade Asset Management LLC bought a new stake in Synchrony Financial in the 3rd quarter valued at $29,000. Institutional investors own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 51,258 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the completion of the transaction, the insider directly owned 132,664 shares of the company’s stock, valued at approximately $9,449,656.72. This represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

SYF has been the subject of a number of research reports. Barclays increased their target price on Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Loop Capital began coverage on Synchrony Financial in a report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. JPMorgan Chase & Co. decreased their price objective on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Wells Fargo & Company dropped their target price on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.47.

Synchrony Financial Stock Down 0.7%

Synchrony Financial stock opened at $76.20 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. Synchrony Financial has a 1-year low of $63.08 and a 1-year high of $88.77. The company has a fifty day simple moving average of $73.55 and a 200 day simple moving average of $74.22. The company has a market cap of $25.63 billion, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 0.67 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, topping 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 firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the previous year, the firm posted $1.89 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Research analysts anticipate that Synchrony Financial will post 9.34 earnings per share for the current fiscal year.

Synchrony Financial declared that its board has authorized a stock buyback program on Tuesday, April 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a dividend of $0.30 per share. 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%.

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.