iA Global Asset Management Inc. Has $2.95 Million Stake in Synchrony Financial $SYF

iA Global Asset Management Inc. increased its stake in shares of Synchrony Financial (NYSE:SYF) by 22.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,338 shares of the financial services provider’s stock after purchasing an additional 8,049 shares during the quarter. iA Global Asset Management Inc.’s holdings in Synchrony Financial were worth $2,948,000 at the end of the most recent quarter.

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

Synchrony Financial Trading Down 0.7%

NYSE SYF opened at $76.20 on Friday. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The stock has a 50-day simple moving average of $73.55 and a 200 day simple moving average of $74.22. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $25.63 billion, a PE ratio of 7.88, a P/E/G ratio of 0.67 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last issued its earnings results 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. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations 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 last year, the business earned $1.89 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Research analysts forecast that Synchrony Financial will post 9.34 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a $0.30 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s dividend payout ratio (DPR) is 12.41%.

Synchrony Financial announced that its Board of Directors has approved a stock 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 buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SYF. BTIG Research cut Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. Barclays raised their target price on shares of Synchrony Financial from $82.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Robert W. Baird boosted their price target on shares of Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price target on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.47.

Insiders Place Their Bets

In other news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction on Friday, May 15th. The shares were sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the transaction, the insider directly owned 132,664 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.36% of the company’s stock.

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.