Bank of New York Mellon Corp Has $182.35 Million Stake in Synchrony Financial $SYF

Bank of New York Mellon Corp reduced its position in Synchrony Financial (NYSE:SYF) by 0.6% during the first quarter, Holdings Channel.com reports. The firm owned 2,680,908 shares of the financial services provider’s stock after selling 16,602 shares during the quarter. Bank of New York Mellon Corp’s holdings in Synchrony Financial were worth $182,355,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SYF. FWL Investment Management LLC bought a new stake in Synchrony Financial during the 3rd quarter valued at $26,000. Fideuram Asset Management Ireland dac bought a new position in shares of Synchrony Financial in the fourth quarter valued at $29,000. Advisors Asset Management Inc. bought a new position in shares of Synchrony Financial in the fourth quarter valued at $29,000. Palisade Asset Management LLC acquired a new position in shares of Synchrony Financial during the third quarter valued at about $29,000. Finally, Reflection Asset Management acquired a new position in shares of Synchrony Financial during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

SYF has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Loop Capital initiated coverage on shares of Synchrony Financial in a research report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price target on the stock. Barclays lifted their price target on Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Truist Financial increased their price objective on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Monday, April 20th. Twelve equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and an average target price of $87.32.

Synchrony Financial News Summary

Here are the key news stories impacting Synchrony Financial this week:

• Positive Sentiment: Zacks Research raised its estimates for Synchrony’s Q2 2028 earnings, reflecting a slightly more optimistic longer-term outlook for the company. Synchrony Financial analyst estimate update
• Positive Sentiment: Analysts also increased FY2028 EPS estimates, suggesting continued confidence in Synchrony’s earnings power over the next few years. Synchrony Financial analyst estimate update
• Neutral Sentiment: Another pre-earnings note highlighted potential support from stronger purchase volumes and a wider net interest margin, which could help Synchrony beat Q2 expectations. Will Higher Purchase Volumes Fuel Synchrony’s Q2 Earnings Beat?
• Neutral Sentiment: Investors are also watching the company’s July 21 earnings release closely, with market focus centered on whether key operating metrics will support a beat. Countdown to Synchrony (SYF) Q2 Earnings
• Negative Sentiment: Zacks Research trimmed several near- to medium-term EPS estimates, including Q3 2026, Q4 2026, Q1 2027, Q3 2027, Q4 2027, and FY2027, which can pressure the stock by signaling softer expected profitability ahead. Synchrony Financial analyst estimate update

Synchrony Financial Trading Down 0.7%

NYSE:SYF opened at $73.74 on Friday. Synchrony Financial has a 52 week low of $63.08 and a 52 week high of $88.77. The firm has a 50-day moving average price of $73.10 and a two-hundred day moving average price of $73.46. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $24.80 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.69 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The company’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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 9.34 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given 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 1.6%. Synchrony Financial’s payout ratio is currently 12.41%.

Synchrony Financial declared that its board has authorized 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 reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Synchrony Financial 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 value of $3,651,107.34. Following the completion of the transaction, the insider 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 Securities & Exchange Commission, which is available 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 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.