Allstate Corp Buys 11,458 Shares of Synchrony Financial $SYF

Allstate Corp increased its holdings in Synchrony Financial (NYSE:SYF) by 87.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,548 shares of the financial services provider’s stock after purchasing an additional 11,458 shares during the quarter. Allstate Corp’s holdings in Synchrony Financial were worth $2,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Summitry LLC purchased a new position in Synchrony Financial in the 4th quarter worth $204,000. Fisher Asset Management LLC raised its position in Synchrony Financial by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 24,076 shares of the financial services provider’s stock worth $2,009,000 after purchasing an additional 376 shares during the period. Clearstead Advisors LLC raised its position in Synchrony Financial by 26.8% in the 4th quarter. Clearstead Advisors LLC now owns 2,985 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 630 shares during the period. Genus Capital Management Inc. raised its position in Synchrony Financial by 22.0% in the 4th quarter. Genus Capital Management Inc. now owns 105,276 shares of the financial services provider’s stock worth $8,783,000 after purchasing an additional 19,010 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Synchrony Financial by 90.4% in the 4th quarter. Hantz Financial Services Inc. now owns 1,302 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 618 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

Shares of NYSE:SYF opened at $71.54 on Friday. The company has a market cap of $24.06 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 0.63 and a beta of 1.37. The company has a 50-day moving average price of $71.79 and a 200-day moving average price of $74.78. 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 has a 12 month low of $56.51 and a 12 month high of $88.77.

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, beating the consensus estimate of $2.14 by $0.13. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities analysts anticipate that Synchrony Financial will post 9.29 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.7%. Synchrony Financial’s payout ratio is presently 12.41%.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. Wells Fargo & Company decreased their target price on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Robert W. Baird boosted their price objective on shares of Synchrony Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, 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 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.05.

Insider Activity

In other news, insider Brian J. Sr. Wenzel sold 47,112 shares of Synchrony Financial stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $67.16, for a total transaction of $3,164,041.92. Following the sale, the insider owned 64,221 shares of the company’s stock, valued at approximately $4,313,082.36. The trade was a 42.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian D. Doubles sold 217,554 shares of Synchrony Financial stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $68.68, for a total transaction of $14,941,608.72. Following the sale, the insider directly owned 829,222 shares in the company, valued at $56,950,966.96. The trade was a 20.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 374,630 shares of company stock worth $25,731,741. 0.36% of the stock is owned by company insiders.

About Synchrony Financial

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.