M&T Bank Corp Raises Holdings in Synchrony Financial $SYF

M&T Bank Corp grew its stake in Synchrony Financial (NYSE:SYF - Free Report) by 295.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 56,253 shares of the financial services provider's stock after buying an additional 42,038 shares during the quarter. M&T Bank Corp's holdings in Synchrony Financial were worth $4,693,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SYF. State Street Corp raised its holdings in Synchrony Financial by 1.0% in the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider's stock valued at $1,355,698,000 after acquiring an additional 191,920 shares in the last quarter. Bank of America Corp DE grew its holdings in 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 worth $1,018,517,000 after acquiring an additional 739,832 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Synchrony Financial by 8.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider's stock valued at $354,194,000 after purchasing an additional 406,796 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Synchrony Financial by 13.0% in the 4th quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider's stock valued at $431,999,000 after purchasing an additional 592,567 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Synchrony Financial by 48.3% in the 3rd quarter. Assetmark Inc. now owns 4,349,059 shares of the financial services provider's stock valued at $309,001,000 after purchasing an additional 1,416,909 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SYF shares. Barclays lifted their price objective on shares of Synchrony Financial from $82.00 to $93.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Wells Fargo & Company cut their price target on Synchrony Financial from $100.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, April 9th. JPMorgan Chase & Co. decreased their price target on Synchrony Financial from $84.00 to $73.00 and set a "neutral" rating for the company in a report on Thursday, April 9th. Truist Financial upped their price objective on Synchrony Financial from $71.00 to $82.00 and gave the stock a "hold" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods increased their price objective on Synchrony Financial from $95.00 to $98.00 and gave the company an "outperform" rating in a report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.32.

Insiders Place Their Bets

In other Synchrony Financial news, insider Brian D. Doubles sold 217,554 shares of Synchrony Financial stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $68.68, for a total transaction of $14,941,608.72. Following the transaction, the insider owned 829,222 shares of the company's stock, valued at $56,950,966.96. The trade was a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $67.16, for a total value of $3,164,041.92. Following the completion of the sale, the insider owned 64,221 shares of the company's stock, valued at approximately $4,313,082.36. This represents a 42.32% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 379,928 shares of company stock worth $26,170,764. Corporate insiders own 0.33% of the company's stock.

Synchrony Financial Trading Up 0.2%

NYSE SYF opened at $76.48 on Monday. 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's fifty day moving average price is $70.10 and its 200 day moving average price is $74.81. The company has a market capitalization of $25.77 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 0.66 and a beta of 1.39. Synchrony Financial has a 12 month low of $50.00 and a 12 month high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.81 billion. During the same period in the previous year, the company earned $1.89 earnings per share. Synchrony Financial'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, sell-side analysts expect that Synchrony Financial will post 9.3 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, May 5th. Synchrony Financial's payout ratio is presently 12.41%.

Synchrony Financial declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the financial services provider to purchase 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.

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.

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