SG Americas Securities LLC Sells 43,602 Shares of Synchrony Financial $SYF

SG Americas Securities LLC decreased its holdings in shares of Synchrony Financial (NYSE:SYF) by 12.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 315,520 shares of the financial services provider’s stock after selling 43,602 shares during the period. SG Americas Securities LLC’s holdings in Synchrony Financial were worth $21,462,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in shares of Synchrony Financial in the 4th quarter worth approximately $383,231,000. Bank of America Corp DE increased its holdings in Synchrony Financial by 34.6% during the second quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock valued at $907,356,000 after buying an additional 3,494,741 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in Synchrony Financial in the fourth quarter worth approximately $84,494,000. Worldquant Millennium Advisors LLC raised its stake in Synchrony Financial by 222.5% in the second quarter. Worldquant Millennium Advisors LLC now owns 937,296 shares of the financial services provider’s stock worth $62,555,000 after buying an additional 646,642 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Synchrony Financial by 13.0% during the fourth quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock worth $431,999,000 after buying an additional 592,567 shares during the period. 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 company’s stock in a transaction dated 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 transaction, the insider directly owned 132,664 shares of the company’s stock, valued at $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 available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is owned by corporate insiders.

Synchrony Financial Price Performance

Shares of SYF opened at $76.25 on Thursday. The company has a 50 day moving average of $73.50 and a two-hundred day moving average of $74.44. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77. The company has a market cap of $25.65 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.66 and a beta of 1.33.

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 for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. The business’s quarterly revenue was down 7.4% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, analysts predict that Synchrony Financial will post 9.29 earnings per share for the current fiscal year.

Synchrony Financial declared that its board has initiated a stock buyback plan 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. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Synchrony Financial Dividend Announcement

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 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 payout ratio is 12.41%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SYF shares. 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. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research note on Monday, April 20th. Robert W. Baird raised their price objective on Synchrony Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Loop Capital initiated coverage on Synchrony Financial in a research note on Friday, May 22nd. They issued a “hold” rating and a $81.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given 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 price target of $86.05.

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.