Bleakley Financial Group LLC Invests $938,000 in Synchrony Financial $SYF

Bleakley Financial Group LLC acquired a new position in Synchrony Financial (NYSE:SYF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,238 shares of the financial services provider’s stock, valued at approximately $938,000.

Several other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. increased its position in shares of Synchrony Financial by 100.0% in the third quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 179 shares during the period. FWL Investment Management LLC bought a new position in Synchrony Financial in the 3rd quarter worth $26,000. Palisade Asset Management LLC bought a new position in Synchrony Financial in the 3rd quarter worth $29,000. Colonial Trust Co SC raised its holdings in Synchrony Financial by 40.2% in the 3rd quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 136 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Synchrony Financial by 34.4% in the 4th quarter. CoreCap Advisors LLC now owns 543 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Activity at Synchrony Financial

In related news, insider Brian D. Doubles sold 217,554 shares of the company’s stock in a transaction on 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 owned 829,222 shares of the company’s stock, valued at $56,950,966.96. This represents a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $67.16, for a total transaction of $3,164,041.92. Following the completion of the transaction, the insider owned 64,221 shares in the company, valued at approximately $4,313,082.36. The trade was a 42.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 374,630 shares of company stock valued at $25,731,741 over the last quarter. 0.36% of the stock is currently owned by insiders.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $71.44 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $24.03 billion, a PE ratio of 7.39, a P/E/G ratio of 0.62 and a beta of 1.37. The company has a 50 day moving average price of $71.92 and a 200-day moving average price of $74.76. Synchrony Financial has a 52 week low of $56.51 and a 52 week high of $88.77.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the firm posted $1.89 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities research analysts expect that Synchrony Financial will post 9.29 earnings per share for the current year.

Synchrony Financial declared that its Board of Directors has approved a stock buyback plan on Tuesday, April 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial’s dividend payout ratio is presently 12.41%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SYF. Truist Financial upped their price objective on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Wall Street Zen lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Wells Fargo & Company decreased their price target on shares of Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research note on Monday, April 20th. Finally, Barclays increased their price target on shares of Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.05.

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.