Allianz Asset Management GmbH Decreases Stock Position in Synchrony Financial $SYF

Allianz Asset Management GmbH lessened its stake in shares of Synchrony Financial (NYSE:SYF) by 17.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,019,401 shares of the financial services provider’s stock after selling 871,145 shares during the quarter. Allianz Asset Management GmbH’s holdings in Synchrony Financial were worth $335,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FWL Investment Management LLC purchased a new stake in Synchrony Financial during the 3rd quarter valued at $26,000. Fideuram Asset Management Ireland dac purchased a new stake in Synchrony Financial during the 4th quarter valued at $29,000. Palisade Asset Management LLC purchased a new stake in Synchrony Financial during the 3rd quarter valued at $29,000. Geneos Wealth Management Inc. raised its holdings in Synchrony Financial by 337.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after buying an additional 455 shares during the period. Finally, Colonial Trust Co SC raised its holdings in Synchrony Financial by 40.2% during the 3rd quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock valued at $34,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

SYF opened at $72.33 on Wednesday. Synchrony Financial has a 12-month low of $59.46 and a 12-month high of $88.77. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. The business’s fifty day simple moving average is $72.52 and its 200-day simple moving average is $74.65. The company has a market capitalization of $24.33 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 0.61 and a beta of 1.33.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. The firm 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 firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, equities research 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 disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 5th. Synchrony Financial’s dividend payout ratio is 12.41%.

Synchrony Financial announced that its Board of Directors has authorized a share repurchase program on Tuesday, April 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company decreased 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. Loop Capital started coverage on Synchrony Financial in a research report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price objective on the stock. Weiss Ratings reaffirmed 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 company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Robert W. Baird upped their price objective on Synchrony Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.05.

Insider Buying and Selling at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 51,258 shares of the company’s stock in a transaction on 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 directly owned 132,664 shares in the company, valued at $9,449,656.72. This represents a 27.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is owned by company 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.