Dimensional Fund Advisors LP Buys 365,353 Shares of Synchrony Financial $SYF

Dimensional Fund Advisors LP raised its stake in Synchrony Financial (NYSE:SYFFree Report) by 6.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,039,753 shares of the financial services provider’s stock after buying an additional 365,353 shares during the period. Dimensional Fund Advisors LP’s holdings in Synchrony Financial were worth $410,760,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ritholtz Wealth Management raised its position in Synchrony Financial by 21.9% during the 4th quarter. Ritholtz Wealth Management now owns 94,121 shares of the financial services provider’s stock valued at $7,852,000 after purchasing an additional 16,901 shares in the last quarter. KTF Investments LLC bought a new position in shares of Synchrony Financial during the 4th quarter worth $3,923,000. Assenagon Asset Management S.A. grew its position in shares of Synchrony Financial by 959.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 545,880 shares of the financial services provider’s stock worth $37,131,000 after buying an additional 494,354 shares in the last quarter. Global X Japan Co. Ltd. increased its stake in shares of Synchrony Financial by 365.8% during the fourth quarter. Global X Japan Co. Ltd. now owns 26,488 shares of the financial services provider’s stock valued at $2,210,000 after buying an additional 20,801 shares during the period. Finally, Jefferies Financial Group Inc. increased its stake in shares of Synchrony Financial by 701.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 120,996 shares of the financial services provider’s stock valued at $10,095,000 after buying an additional 105,907 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Synchrony Financial news, insider Jonathan S. Mothner sold 51,258 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $71.23, for a total value 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 trade represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SYF. HSBC upped their price objective on shares of Synchrony Financial from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. BTIG Research downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. TD Cowen boosted their price target on shares of Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Truist Financial upped their price target 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. Finally, UBS Group increased their price objective on shares of Synchrony Financial from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Twelve analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.32.

Check Out Our Latest Report on Synchrony Financial

Synchrony Financial Price Performance

SYF opened at $72.28 on Wednesday. The firm has a market capitalization of $24.31 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 0.69 and a beta of 1.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 1.24. The business’s 50-day moving average is $73.20 and its two-hundred day moving average is $73.22. Synchrony Financial has a 1 year low of $63.08 and a 1 year high of $88.77.

Synchrony Financial (NYSE:SYFGet Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.14 by $0.45. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the firm posted $2.50 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.250-9.500 EPS. Research analysts anticipate that Synchrony Financial will post 9.34 earnings per share for the current fiscal year.

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

Synchrony Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Wednesday, August 5th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Synchrony Financial’s dividend payout ratio is currently 12.41%.

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Synchrony Financial Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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