Synchrony Financial $SYF Shares Bought by Fifth Third Bancorp
by Danessa Lincoln · The Markets DailyFifth Third Bancorp boosted its stake in shares of Synchrony Financial (NYSE:SYF – Free Report) by 392.0% during the 1st quarter, Holdings Channel reports. The firm owned 147,548 shares of the financial services provider’s stock after acquiring an additional 117,561 shares during the quarter. Fifth Third Bancorp’s holdings in Synchrony Financial were worth $10,036,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the stock. Advisors Asset Management Inc. purchased a new position in shares of Synchrony Financial in the fourth quarter worth $29,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at $29,000. FWL Investment Management LLC purchased a new stake in shares of Synchrony Financial during the third quarter valued at $26,000. Reflection Asset Management acquired a new position in shares of Synchrony Financial in the 4th quarter valued at $31,000. Finally, Palisade Asset Management LLC acquired a new position in shares of Synchrony Financial in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 96.48% of the company’s stock.
Insider Activity
In related 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 value 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. This trade represents a 27.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.36% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have commented on SYF. BTIG Research cut Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. Robert W. Baird increased their price objective on Synchrony Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. UBS Group raised their price objective on Synchrony Financial from $77.00 to $84.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Loop Capital started coverage on Synchrony Financial in a report on Friday, May 22nd. They set a “hold” rating and a $81.00 target price for the company. Finally, HSBC upped their target price on Synchrony Financial from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Monday. Twelve equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial has a consensus rating of “Moderate Buy” and a consensus price target of $87.32.
Check Out Our Latest Report on SYF
Synchrony Financial Price Performance
Shares of Synchrony Financial stock opened at $74.03 on Thursday. 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 $63.08 and a twelve month high of $88.77. The business has a 50-day moving average price of $73.09 and a 200 day moving average price of $73.54. The firm has a market cap of $24.90 billion, a PE ratio of 7.66, a P/E/G ratio of 0.69 and a beta of 1.32.
Synchrony Financial (NYSE:SYF – Get Free Report) last issued its quarterly 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. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the business posted $1.89 earnings per share. Synchrony Financial’s revenue for the quarter was down 7.4% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Sell-side analysts predict that Synchrony Financial will post 9.33 earnings per share for the current fiscal year.
Synchrony Financial announced that its Board of Directors has initiated a stock buyback plan on Tuesday, April 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Synchrony Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were given 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 1.6%. Synchrony Financial’s dividend payout ratio (DPR) is 12.41%.
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.
See Also
- Five stocks we like better than Synchrony Financial
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYF – Free Report).