Y Intercept Hong Kong Ltd Cuts Stock Holdings in Synchrony Financial $SYF

Y Intercept Hong Kong Ltd lowered its holdings in Synchrony Financial (NYSE:SYF) by 23.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,356 shares of the financial services provider’s stock after selling 33,490 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Synchrony Financial were worth $7,234,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. State Street Corp boosted its stake in shares of Synchrony Financial by 1.0% during the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock valued at $1,355,698,000 after purchasing an additional 191,920 shares in the last quarter. Bank of America Corp DE raised its stake in Synchrony Financial by 5.4% in the third quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock worth $1,018,517,000 after buying an additional 739,832 shares in the last quarter. Morgan Stanley lifted its holdings in Synchrony Financial by 7.6% during the fourth quarter. Morgan Stanley now owns 6,230,111 shares of the financial services provider’s stock worth $519,778,000 after buying an additional 442,226 shares during the period. Invesco Ltd. boosted its position in Synchrony Financial by 10.4% during the 4th quarter. Invesco Ltd. now owns 5,490,921 shares of the financial services provider’s stock valued at $458,108,000 after acquiring an additional 517,781 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Synchrony Financial by 8.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock valued at $354,194,000 after acquiring an additional 406,796 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Activity

In related news, insider Jonathan S. Mothner sold 51,258 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was 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 in the company, valued at $9,449,656.72. This trade represents a 27.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SYF has been the subject of several recent research reports. Loop Capital started coverage on Synchrony Financial in a research report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price target for the company. Wells Fargo & Company cut their target price on Synchrony Financial from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Robert W. Baird boosted their target price on shares of Synchrony Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a research report on Monday, April 20th. Finally, Truist Financial raised their price target on shares of Synchrony Financial from $71.00 to $82.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average price target of $86.47.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $76.20 on Friday. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $25.63 billion, a PE ratio of 7.88, a P/E/G ratio of 0.67 and a beta of 1.32. The business has a 50-day simple moving average of $73.51 and a two-hundred day simple moving average of $74.24.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Synchrony Financial had a net margin of 15.80% and a return on equity of 23.41%. Synchrony Financial’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the business earned $1.89 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. As a group, equities analysts expect that Synchrony Financial will post 9.34 EPS for the current fiscal year.

Synchrony Financial declared that its Board of Directors has initiated a stock repurchase program on Tuesday, April 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Synchrony Financial Announces Dividend

The business also recently disclosed 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 of this dividend was Tuesday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Synchrony Financial’s payout ratio is 12.41%.

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.