Fisher Asset Management LLC Takes Position in Synchrony Financial $SYF

Fisher Asset Management LLC bought a new position in shares of Synchrony Financial (NYSE:SYF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 23,700 shares of the financial services provider’s stock, valued at approximately $1,684,000.

A number of other institutional investors have also recently added to or reduced their stakes in SYF. Aprio Wealth Management LLC increased its position in Synchrony Financial by 6.8% in the 3rd quarter. Aprio Wealth Management LLC now owns 4,507 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 285 shares during the period. American Century Companies Inc. raised its stake in shares of Synchrony Financial by 7.9% during the third quarter. American Century Companies Inc. now owns 1,283,502 shares of the financial services provider’s stock valued at $91,193,000 after acquiring an additional 93,567 shares during the last quarter. Brand Asset Management Group Inc. acquired a new position in shares of Synchrony Financial during the third quarter worth $238,000. Quantbot Technologies LP lifted its holdings in shares of Synchrony Financial by 283.5% during the third quarter. Quantbot Technologies LP now owns 136,810 shares of the financial services provider’s stock worth $9,720,000 after purchasing an additional 101,137 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of Synchrony Financial by 0.8% in the third quarter. Handelsbanken Fonder AB now owns 104,157 shares of the financial services provider’s stock worth $7,400,000 after purchasing an additional 807 shares during the last quarter. 96.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Brian D. Doubles sold 217,554 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $68.68, for a total value of $14,941,608.72. Following the transaction, the insider owned 829,222 shares of the company’s stock, valued at approximately $56,950,966.96. This trade represents a 20.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of Synchrony Financial stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $67.16, for a total value of $3,164,041.92. Following the transaction, the insider owned 64,221 shares of the company’s stock, valued at $4,313,082.36. This trade represents a 42.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 379,928 shares of company stock worth $26,170,764 over the last ninety days. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

SYF has been the subject of several analyst reports. TD Cowen raised their target price on Synchrony Financial from $91.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. BTIG Research reduced their price target on Synchrony Financial from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Royal Bank Of Canada decreased their price target on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a research report on Wednesday, January 21st. Finally, Robert W. Baird upgraded Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 target price on the stock in a report on Friday, February 13th. One 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $87.11.

Synchrony Financial Price Performance

Shares of SYF opened at $66.64 on Friday. The business’s fifty day moving average is $76.06 and its 200 day moving average is $75.85. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $88.77. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. The stock has a market cap of $23.16 billion, a P/E ratio of 7.17, a P/E/G ratio of 0.61 and a beta of 1.42.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.16. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the previous year, the business posted $1.91 EPS. Synchrony Financial’s quarterly revenue was down .2% on a year-over-year basis. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Sell-side analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, February 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Synchrony Financial’s payout ratio is presently 12.92%.

Synchrony Financial Company 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.