Danske Bank A S Makes New $34.36 Million Investment in Synchrony Financial $SYF

Danske Bank A S purchased a new stake in Synchrony Financial (NYSE:SYF) during the third quarter, Holdings Channel reports. The institutional investor purchased 483,633 shares of the financial services provider’s stock, valued at approximately $34,362,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Westside Investment Management Inc. increased its stake 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 worth $25,000 after buying an additional 179 shares during the period. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in Synchrony Financial in the second quarter worth approximately $26,000. FWL Investment Management LLC purchased a new position in Synchrony Financial in the third quarter worth approximately $26,000. Salomon & Ludwin LLC grew its holdings in Synchrony Financial by 54.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 146 shares in the last quarter. Finally, Palisade Asset Management LLC acquired a new position in Synchrony Financial during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling at Synchrony Financial

In related news, insider Alberto Casellas sold 14,399 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $974,956.29. Following the transaction, the insider owned 50,331 shares in the company, valued at $3,407,912.01. This trade represents a 22.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Darrell Owens sold 3,865 shares of Synchrony Financial stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total value of $261,699.15. Following the transaction, the insider directly owned 17,432 shares in the company, valued at approximately $1,180,320.72. This trade represents a 18.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 379,928 shares of company stock valued at $26,170,764. 0.32% of the stock is owned by insiders.

Synchrony Financial Trading Down 0.3%

Shares of Synchrony Financial stock opened at $64.96 on Thursday. 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 company has a fifty day simple moving average of $72.79 and a 200-day simple moving average of $75.35. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 0.58 and a beta of 1.42. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, topping the consensus estimate of $2.02 by $0.16. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period last year, the business earned $1.91 EPS. Synchrony Financial’s revenue for the quarter was down .2% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, equities analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.8%. Synchrony Financial’s payout ratio is 12.92%.

Analyst Ratings Changes

SYF has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Robert W. Baird upgraded Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price target on the stock in a research note on Friday, February 13th. Wells Fargo & Company lifted their price target on Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.11.

About Synchrony Financial

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.