United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys 213,686 Shares of Synchrony Financial $SYF

Key Points

• United Super Pty Ltd significantly increased its stake in Synchrony Financial by 1,003.2% in the fourth quarter, adding 213,686 shares to reach 234,986 shares valued at about $19.6 million.
• Institutional ownership in SYF remains very high, with 96.48% of the stock held by institutional investors. Several other firms also boosted positions, including Bank of America and Nordea Investment Management.
• Synchrony Financial reported strong quarterly earnings of $2.27 per share, beating estimates, and continued paying a quarterly dividend of $0.30 per share, though revenue came in below expectations and fell year over year.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 1,003.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 234,986 shares of the financial services provider's stock after acquiring an additional 213,686 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.07% of Synchrony Financial worth $19,605,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SYF. Bank of America Corp DE lifted its position in shares of Synchrony Financial by 34.6% during the 2nd 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 acquiring an additional 3,494,741 shares during the period. Assetmark Inc. lifted its position 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 valued at $309,001,000 after acquiring an additional 1,416,909 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Synchrony Financial during the 4th quarter valued at $84,494,000. Worldquant Millennium Advisors LLC lifted its position in shares of Synchrony Financial by 222.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 937,296 shares of the financial services provider's stock valued at $62,555,000 after acquiring an additional 646,642 shares during the period. Finally, Nordea Investment Management AB lifted its position 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 valued at $431,999,000 after acquiring an additional 592,567 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SYF shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Synchrony Financial in a research report on Monday, April 20th. Barclays upped 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 downgraded Synchrony Financial from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. 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, April 23rd. Finally, Wells Fargo & Company dropped their price objective on Synchrony Financial from $100.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Synchrony Financial presently has a consensus rating of "Moderate Buy" and an average target price of $86.05.

Synchrony Financial Price Performance

Shares of SYF opened at $71.54 on Friday. Synchrony Financial has a 12-month low of $56.51 and a 12-month high of $88.77. The business has a 50-day simple moving average of $71.79 and a two-hundred day simple moving average of $74.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. The stock has a market cap of $24.06 billion, a PE ratio of 7.40, a PEG ratio of 0.63 and a beta of 1.37.

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

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Synchrony Financial's dividend payout ratio is presently 12.41%.

Synchrony Financial announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Darrell Owens sold 3,865 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $261,699.15. Following the completion of the sale, the insider owned 17,432 shares of the company's stock, valued at approximately $1,180,320.72. This represents a 18.15% 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 Alberto Casellas sold 14,399 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $67.71, for a total value of $974,956.29. Following the completion of the sale, the insider directly owned 50,331 shares of the company's stock, valued at approximately $3,407,912.01. The trade was a 22.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 374,630 shares of company stock valued at $25,731,741. Corporate insiders own 0.36% of the company's stock.

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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