Synchrony Financial $SYF Stock Holdings Increased by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management increased its stake in Synchrony Financial by 21.9% in Q4 to 94,121 shares, valued at about $7.85 million.
• Analysts give SYF a consensus rating of "Moderate Buy" with an average target price of $85, and the coverage includes 1 Strong Buy, 13 Buy and 7 Hold ratings.
• Insiders sold a total of 379,928 shares worth $26.17 million over the past 90 days, while institutional investors own roughly 96.48% of the stock.

Ritholtz Wealth Management boosted its position in Synchrony Financial (NYSE:SYF - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,121 shares of the financial services provider's stock after buying an additional 16,901 shares during the quarter. Ritholtz Wealth Management's holdings in Synchrony Financial were worth $7,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SYF. Westside Investment Management Inc. grew its holdings in shares of Synchrony Financial by 100.0% during the third quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 179 shares during the last quarter. FWL Investment Management LLC bought a new position in shares of Synchrony Financial during the third quarter valued at approximately $26,000. Palisade Asset Management LLC bought a new position in shares of Synchrony Financial during the third quarter valued at approximately $29,000. Salomon & Ludwin LLC grew its holdings in shares of Synchrony Financial by 54.9% during the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 146 shares during the last quarter. Finally, Colonial Trust Co SC grew its holdings in shares of Synchrony Financial by 40.2% during the third quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 136 shares during the last quarter. 96.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

SYF has been the subject of several recent research reports. Robert W. Baird raised Synchrony Financial from a "neutral" rating to an "outperform" rating and set a $83.00 target price for the company in a report on Friday, February 13th. Truist Financial lowered their target price on Synchrony Financial from $84.00 to $71.00 and set a "hold" rating for the company in a report on Monday, March 23rd. BTIG Research reaffirmed a "buy" rating and set a $96.00 target price on shares of Synchrony Financial in a report on Wednesday, March 11th. Keefe, Bruyette & Woods upped their target price on Synchrony Financial from $95.00 to $98.00 and gave the company an "outperform" rating in a report on Friday, January 2nd. Finally, TD Cowen upped their target price on Synchrony Financial from $91.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.00.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $72.50 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98. The stock has a 50 day simple moving average of $69.46 and a 200-day simple moving average of $74.46. The company has a market cap of $25.20 billion, a PE ratio of 7.80, a P/E/G ratio of 0.64 and a beta of 1.39. Synchrony Financial has a 12-month low of $44.43 and a 12-month high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.16. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.84 billion. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The business's revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, equities research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, February 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Synchrony Financial's payout ratio is currently 12.92%.

Insider Buying and Selling at Synchrony Financial

In other news, insider Brian J. Sr. Wenzel sold 47,112 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $67.16, for a total transaction of $3,164,041.92. Following the completion of the transaction, the insider directly owned 64,221 shares in the company, valued at approximately $4,313,082.36. The trade was a 42.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Curtis Howse sold 52,556 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total value of $3,800,849.92. Following the transaction, the insider owned 94,196 shares of the company's stock, valued at approximately $6,812,254.72. This represents a 35.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 379,928 shares of company stock valued at $26,170,764. 0.32% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.