Cresset Asset Management LLC Acquires 8,580 Shares of Synchrony Financial $SYF

Cresset Asset Management LLC lifted its stake in Synchrony Financial (NYSE:SYF) by 266.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,800 shares of the financial services provider’s stock after purchasing an additional 8,580 shares during the period. Cresset Asset Management LLC’s holdings in Synchrony Financial were worth $838,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings 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 valued at $907,356,000 after buying an additional 3,494,741 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Synchrony Financial by 8.3% in the 2nd 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 increased its position in shares of Synchrony Financial by 7.9% during 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 acquiring an additional 333,093 shares during the period. Norges Bank purchased a new position in shares of Synchrony Financial during the second quarter worth approximately $299,360,000. Finally, Assetmark Inc. raised its stake in shares of Synchrony Financial by 48.3% during the third quarter. Assetmark Inc. now owns 4,349,059 shares of the financial services provider’s stock valued at $309,001,000 after acquiring an additional 1,416,909 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

SYF stock opened at $65.38 on Wednesday. Synchrony Financial has a one year low of $40.54 and a one year high of $88.77. The firm has a market cap of $22.73 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 0.59 and a beta of 1.42. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a 50-day simple moving average of $75.33 and a two-hundred day simple moving average of $75.82.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.84 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 EPS. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. On average, equities analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, February 6th. Synchrony Financial’s payout ratio is currently 12.92%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Synchrony Financial from $95.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. TD Cowen lifted their target price on Synchrony Financial from $91.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Barclays lowered their target price on Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th. Compass Point raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company raised their price target on Synchrony Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. 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. According to MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.11.

Insider Buying and Selling at Synchrony Financial

In other news, insider Alberto Casellas sold 14,399 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $974,956.29. Following the completion of the sale, the insider owned 50,331 shares in the company, valued at approximately $3,407,912.01. This represents a 22.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $67.16, for a total value of $3,164,041.92. Following the completion of the sale, the insider directly owned 64,221 shares of the company’s stock, valued at $4,313,082.36. The trade was a 42.32% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 379,928 shares of company stock valued at $26,170,764. Corporate insiders own 0.33% of the company’s stock.

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.