Bank of New York Mellon Corp Cuts Stock Holdings in Synchrony Financial $SYF

Bank of New York Mellon Corp lessened its position in shares of Synchrony Financial (NYSE:SYF) by 6.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,697,510 shares of the financial services provider’s stock after selling 190,414 shares during the period. Bank of New York Mellon Corp’s holdings in Synchrony Financial were worth $225,053,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SYF. AXQ Capital LP purchased a new stake in shares of Synchrony Financial during the fourth quarter worth $1,396,000. Root Financial Partners LLC grew its position in shares of Synchrony Financial by 15.8% during the fourth quarter. Root Financial Partners LLC now owns 1,333 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 182 shares during the last quarter. Ellevest Inc. grew its position in shares of Synchrony Financial by 31.5% during the fourth quarter. Ellevest Inc. now owns 4,394 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 1,052 shares during the last quarter. Waterloo Capital L.P. acquired a new stake in shares of Synchrony Financial during the fourth quarter worth $204,000. Finally, MUFG Securities EMEA plc increased its stake in shares of Synchrony Financial by 990.6% during the 4th quarter. MUFG Securities EMEA plc now owns 77,665 shares of the financial services provider’s stock valued at $6,480,000 after acquiring an additional 70,544 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SYF shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a report on Monday, April 20th. JPMorgan Chase & Co. dropped their price target on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company lowered their price target on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Loop Capital started coverage on Synchrony Financial in a research note on Friday, May 22nd. They set a “hold” rating and a $81.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.05.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $70.85 on Friday. Synchrony Financial has a 12 month low of $58.31 and a 12 month high of $88.77. The company has a market cap of $23.83 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.62 and a beta of 1.33. The business’s 50 day moving average is $72.31 and its two-hundred day moving average is $74.62. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 23.41% and a net margin of 15.80%.Synchrony Financial’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, equities analysts expect that Synchrony Financial will post 9.29 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors 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 yield of 1.7%. Synchrony Financial’s payout ratio is currently 12.41%.

Synchrony Financial announced that its board has approved a share 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. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $71.23, for a total value of $3,651,107.34. Following the transaction, the insider owned 132,664 shares of the company’s stock, valued at approximately $9,449,656.72. The trade was a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.36% of the company’s stock.

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.