Munich Reinsurance Co Stock Corp in Munich Purchases Shares of 75,148 Synchrony Financial $SYF

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Synchrony Financial (NYSE:SYF) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 75,148 shares of the financial services provider’s stock, valued at approximately $5,112,000.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of Synchrony Financial in the fourth quarter valued at approximately $383,231,000. Bank of America Corp DE raised its stake in shares of Synchrony Financial by 34.6% during the 2nd quarter. Bank of America Corp DE now owns 13,595,381 shares of the financial services provider’s stock worth $907,356,000 after buying an additional 3,494,741 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Synchrony Financial during the 4th quarter valued at approximately $84,494,000. Worldquant Millennium Advisors LLC lifted its position in shares of Synchrony Financial by 222.5% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 937,296 shares of the financial services provider’s stock valued at $62,555,000 after buying an additional 646,642 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Synchrony Financial by 13.0% in the 4th quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock valued at $431,999,000 after acquiring an additional 592,567 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Activity

In other news, insider Jonathan S. Mothner sold 51,258 shares of Synchrony Financial stock in a transaction that occurred 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 sale, the insider owned 132,664 shares of the company’s stock, valued at approximately $9,449,656.72. The trade was a 27.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is owned by corporate insiders.

Synchrony Financial Trading Down 9.6%

Shares of SYF stock opened at $68.28 on Thursday. The company’s 50-day moving average price is $73.32 and its 200-day moving average price is $73.97. 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 stock has a market cap of $22.97 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.66 and a beta of 1.32. Synchrony Financial has a twelve month low of $63.08 and a twelve month high of $88.77.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.81 billion. During the same period last year, the business earned $1.89 earnings per share. Synchrony Financial’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 analysts predict that Synchrony Financial will post 9.34 earnings per share for the current year.

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

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. Synchrony Financial’s dividend payout ratio (DPR) is currently 12.41%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Synchrony Financial from $84.00 to $73.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. BTIG Research downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Barclays raised their price target 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. Truist Financial lifted their price objective on Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Finally, Loop Capital initiated coverage on Synchrony Financial in a research note on Friday, May 22nd. They set a “hold” rating and a $81.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.21.

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.