Daiwa Securities Group Inc. Lowers Holdings in Synchrony Financial $SYF

Daiwa Securities Group Inc. decreased its stake in shares of Synchrony Financial (NYSE:SYF) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,280 shares of the financial services provider’s stock after selling 11,627 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Synchrony Financial were worth $4,946,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac purchased a new position in shares of Synchrony Financial in the fourth quarter worth $29,000. FWL Investment Management LLC purchased a new position in shares of Synchrony Financial in the third quarter worth $26,000. Palisade Asset Management LLC purchased a new position in shares of Synchrony Financial in the third quarter worth $29,000. Colonial Trust Co SC raised its stake in shares of Synchrony Financial by 40.2% in the third quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 136 shares during the last quarter. Finally, CoreCap Advisors LLC raised its stake in shares of Synchrony Financial by 34.4% in the fourth quarter. CoreCap Advisors LLC now owns 543 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the completion of the sale, 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 SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.36% of the company’s stock.

Synchrony Financial Stock Performance

Shares of SYF opened at $70.52 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a one year low of $59.23 and a one year high of $88.77. The firm has a market capitalization of $23.72 billion, a P/E ratio of 7.29, a PEG ratio of 0.62 and a beta of 1.33. The business has a fifty day moving average of $72.38 and a 200 day moving average of $74.65.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.14 by $0.13. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. Synchrony Financial’s revenue was down 7.4% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, sell-side analysts anticipate that Synchrony Financial will post 9.29 EPS for the current year.

Synchrony Financial announced that its board has initiated a stock buyback plan on Tuesday, April 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Synchrony Financial Announces Dividend

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

Analyst Upgrades and Downgrades

SYF has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research note on Monday, April 20th. BTIG Research cut Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. decreased their price target on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Robert W. Baird boosted their price target on Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Loop Capital assumed coverage on Synchrony Financial in a research note on Friday, May 22nd. They issued a “hold” rating and a $81.00 price target for the company. One 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.05.

Synchrony Financial 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.