AMJ Financial Wealth Management Acquires New Holdings in Synchrony Financial $SYF

AMJ Financial Wealth Management acquired a new stake in Synchrony Financial (NYSE:SYF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,960 shares of the financial services provider’s stock, valued at approximately $779,000.

A number of other large investors have also recently added to or reduced their stakes in SYF. Bank of America Corp DE grew its position in 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 purchasing an additional 3,494,741 shares in the last quarter. Ameriprise Financial Inc. grew its position in Synchrony Financial by 8.3% in the second quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock worth $354,194,000 after acquiring an additional 406,796 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Synchrony Financial by 7.9% in the third quarter. Nordea Investment Management AB now owns 4,542,336 shares of the financial services provider’s stock worth $318,236,000 after purchasing an additional 333,093 shares in the last quarter. Norges Bank acquired a new position in shares of Synchrony Financial during the 2nd quarter valued at about $299,360,000. Finally, Assetmark Inc. raised its position in shares of Synchrony Financial by 48.3% in the third quarter. Assetmark Inc. now owns 4,349,059 shares of the financial services provider’s stock valued at $309,001,000 after purchasing an additional 1,416,909 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SYF. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a research note on Wednesday, January 21st. Robert W. Baird upgraded shares of Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price target on the stock in a research report on Friday, February 13th. Compass Point upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Wednesday, January 28th. Truist Financial reduced their target price on shares of Synchrony Financial from $92.00 to $84.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Finally, Wall Street Zen lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and an average target price of $87.11.

Insider Transactions at Synchrony Financial

In other news, Director Arthur W. Coviello, Jr. sold 4,000 shares of Synchrony Financial stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total transaction of $289,280.00. Following the completion of the transaction, the director directly owned 32,444 shares in the company, valued at approximately $2,346,350.08. The trade was a 10.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Curtis Howse sold 52,556 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total value of $3,800,849.92. Following the transaction, the insider directly owned 94,196 shares in the company, valued at $6,812,254.72. The trade was a 35.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.32% of the company’s stock.

Synchrony Financial Price Performance

NYSE:SYF opened at $73.36 on Friday. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $88.77. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98. The firm has a fifty day simple moving average of $79.00 and a 200 day simple moving average of $75.96. The stock has a market capitalization of $25.50 billion, a PE ratio of 7.90, a P/E/G ratio of 0.65 and a beta of 1.43.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.16. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the prior year, the firm posted $1.91 earnings per share. 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. On average, research analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, February 6th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, February 6th. Synchrony Financial’s dividend payout ratio (DPR) is 12.92%.

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.