QRG Capital Management Inc. Boosts Position in Synchrony Financial $SYF

QRG Capital Management Inc. lifted its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 187,293 shares of the financial services provider's stock after acquiring an additional 51,667 shares during the period. QRG Capital Management Inc. owned 0.05% of Synchrony Financial worth $15,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. State Street Corp raised its holdings in shares of Synchrony Financial by 1.0% during the 3rd quarter. State Street Corp now owns 19,080,903 shares of the financial services provider's stock worth $1,355,698,000 after acquiring an additional 191,920 shares during the period. Bank of America Corp DE raised 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 worth $1,018,517,000 after acquiring an additional 739,832 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Synchrony Financial by 8.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider's stock worth $354,194,000 after acquiring an additional 406,796 shares during the period. Nordea Investment Management AB raised its holdings in shares of Synchrony Financial by 13.0% during the 4th quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider's stock worth $431,999,000 after acquiring an additional 592,567 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Synchrony Financial by 48.3% during the 3rd quarter. Assetmark Inc. now owns 4,349,059 shares of the financial services provider's stock worth $309,001,000 after acquiring an additional 1,416,909 shares during the period. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $73.76 on Wednesday. The company's 50 day simple moving average is $70.44 and its 200-day simple moving average is $74.98. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.65 and a beta of 1.37. Synchrony Financial has a 1 year low of $52.99 and a 1 year high of $88.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) 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. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities research analysts expect that Synchrony Financial will post 9.29 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Synchrony Financial's dividend payout ratio is 12.41%.

Synchrony Financial announced that its Board of Directors has initiated a share buyback program on Tuesday, April 21st that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SYF. Compass Point raised Synchrony Financial from a "neutral" rating to a "buy" rating and set a $96.00 price objective for the company in a research report on Wednesday, January 28th. Barclays raised their price objective on Synchrony Financial from $82.00 to $93.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Wall Street Zen cut shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Synchrony Financial from $84.00 to $73.00 and set a "neutral" rating for the company in a research report on Thursday, April 9th. Finally, BTIG Research downgraded shares of Synchrony Financial from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Synchrony Financial currently has an average rating of "Moderate Buy" and an average target price of $86.32.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Alberto Casellas sold 14,399 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $67.71, for a total transaction of $974,956.29. Following the sale, the insider directly owned 50,331 shares in the company, valued at $3,407,912.01. This represents a 22.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian D. Doubles sold 217,554 shares of the business's stock in a transaction dated 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 sale, the insider owned 829,222 shares in the company, valued at $56,950,966.96. This trade represents a 20.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 323,372 shares of company stock valued at $22,080,634. 0.33% of the stock is owned by company insiders.

Synchrony Financial Company 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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