Synchrony Financial $SYF Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in Synchrony Financial (NYSE:SYF) by 21.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 94,121 shares of the financial services provider’s stock after purchasing an additional 16,901 shares during the quarter. Ritholtz Wealth Management’s holdings in Synchrony Financial were worth $7,852,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in Synchrony Financial by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 6,631 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 293 shares during the period. Apollon Wealth Management LLC lifted its position in Synchrony Financial by 27.1% in the fourth quarter. Apollon Wealth Management LLC now owns 11,069 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 2,359 shares during the period. Premier Path Wealth Partners LLC lifted its position in Synchrony Financial by 14.3% in the fourth quarter. Premier Path Wealth Partners LLC now owns 6,524 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 818 shares during the period. New Wave Wealth Advisors LLC lifted its position in Synchrony Financial by 6.6% in the fourth quarter. New Wave Wealth Advisors LLC now owns 11,266 shares of the financial services provider’s stock worth $940,000 after purchasing an additional 693 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its position in Synchrony Financial by 7.6% in the fourth quarter. Aaron Wealth Advisors LLC now owns 16,394 shares of the financial services provider’s stock worth $1,368,000 after purchasing an additional 1,160 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $72.50 on Friday. Synchrony Financial has a one year low of $44.43 and a one year high of $88.77. The stock has a fifty day moving average of $69.46 and a 200-day moving average of $74.46. The company has a market capitalization of $25.20 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 0.64 and a beta of 1.39. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.16. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The company’s quarterly revenue was down .2% 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 analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, February 6th. Synchrony Financial’s payout ratio is 12.92%.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Alberto Casellas sold 14,399 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $67.71, for a total transaction of $974,956.29. Following the sale, the insider directly owned 50,331 shares of the company’s stock, valued at $3,407,912.01. The trade was a 22.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis Howse sold 7,882 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $67.71, for a total transaction of $533,690.22. Following the sale, the insider directly owned 94,873 shares in the company, valued at approximately $6,423,850.83. This trade represents a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 379,928 shares of company stock worth $26,170,764. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SYF shares. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Wednesday, January 21st. TD Cowen increased their price objective on Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Keefe, Bruyette & Woods increased their price objective on Synchrony Financial from $95.00 to $98.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Compass Point upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Wednesday, January 28th. Finally, Truist Financial cut their price objective on Synchrony Financial from $84.00 to $71.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.