Dockside LLC Acquires New Position in Synchrony Financial $SYF

Dockside LLC acquired a new stake in shares of Synchrony Financial (NYSE:SYF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,339 shares of the financial services provider’s stock, valued at approximately $1,029,000.

A number of other institutional investors have also modified their holdings of SYF. FWL Investment Management LLC bought a new position in Synchrony Financial in the 3rd quarter worth about $26,000. Fideuram Asset Management Ireland dac bought a new position in Synchrony Financial in the 4th quarter worth about $29,000. Advisors Asset Management Inc. bought a new position in Synchrony Financial in the 4th quarter worth about $29,000. Palisade Asset Management LLC bought a new position in Synchrony Financial in the 3rd quarter worth about $29,000. Finally, Geneos Wealth Management Inc. grew its position in Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 455 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 51,258 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were 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 of the company’s stock, valued at $9,449,656.72. This represents a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Loop Capital assumed coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They issued a “hold” rating and a $81.00 target price for the company. Truist Financial upped their target price on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. decreased their target price on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. Finally, Robert W. Baird upped their target price on shares of Synchrony Financial from $83.00 to $86.00 and gave the stock 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.05.

Synchrony Financial Trading Up 0.0%

Shares of NYSE:SYF opened at $73.36 on Monday. The company has a 50 day moving average of $72.78 and a 200-day moving average of $74.60. The firm has a market cap of $24.68 billion, a P/E ratio of 7.59, a P/E/G ratio of 0.65 and a beta of 1.33. Synchrony Financial has a twelve month low of $59.46 and a twelve 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.

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

Synchrony Financial announced that its board has approved a stock repurchase plan on Tuesday, April 21st that allows the company to buyback $0.00 in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Synchrony Financial Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s dividend payout ratio is currently 12.41%.

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.