Cibc World Market Inc. Decreases Holdings in Synchrony Financial $SYF

Cibc World Market Inc. cut its stake in shares of Synchrony Financial (NYSE:SYF) by 37.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 50,570 shares of the financial services provider’s stock after selling 30,420 shares during the quarter. Cibc World Market Inc.’s holdings in Synchrony Financial were worth $4,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Investment Advisors MI grew its holdings in Synchrony Financial by 43.2% during the third quarter. Strategic Investment Advisors MI now owns 68,841 shares of the financial services provider’s stock valued at $4,890,000 after purchasing an additional 20,778 shares during the period. Bank of America Corp DE grew its holdings in Synchrony Financial by 5.4% during the third quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock valued at $1,018,517,000 after purchasing an additional 739,832 shares during the period. Tredje AP fonden grew its holdings in Synchrony Financial by 71.5% during the third quarter. Tredje AP fonden now owns 54,811 shares of the financial services provider’s stock valued at $3,894,000 after purchasing an additional 22,856 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Synchrony Financial during the third quarter valued at about $2,108,000. Finally, Caprock Group LLC bought a new stake in Synchrony Financial during the third quarter valued at about $6,092,000. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Trading Up 0.0%

Shares of Synchrony Financial stock opened at $70.85 on Monday. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 0.62 and a beta of 1.33. The business has a 50-day moving average price of $72.31 and a 200-day moving average price of $74.65. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. Synchrony Financial has a twelve month low of $58.31 and a twelve month high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, beating 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 firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the firm earned $1.89 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Synchrony Financial will post 9.29 EPS for the current fiscal year.

Synchrony Financial declared that its Board of Directors has approved a share buyback plan on Tuesday, April 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a $0.30 dividend. 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 dividend payout ratio (DPR) is presently 12.41%.

Insider Activity at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 51,258 shares of the stock in a transaction dated 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 transaction, the insider owned 132,664 shares of the company’s stock, valued at approximately $9,449,656.72. This trade represents a 27.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company cut their price target on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Robert W. Baird increased their price target on Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Barclays increased their price target on Synchrony Financial from $82.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price target on Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. One investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.05.

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.