Ameriprise Financial Inc. Trims Stake in Synchrony Financial $SYF

Ameriprise Financial Inc. lessened its position in Synchrony Financial (NYSE:SYF) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,213,754 shares of the financial services provider’s stock after selling 93,323 shares during the quarter. Ameriprise Financial Inc. owned 1.45% of Synchrony Financial worth $370,437,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Westside Investment Management Inc. grew its stake in shares of Synchrony Financial by 100.0% during the third quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock valued at $25,000 after buying an additional 179 shares during the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in Synchrony Financial in the 2nd quarter valued at $26,000. Salomon & Ludwin LLC increased its stake in Synchrony Financial by 54.9% in the third quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 146 shares during the period. Colonial Trust Co SC lifted its position in shares of Synchrony Financial by 40.2% during the third quarter. Colonial Trust Co SC now owns 474 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 136 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Synchrony Financial during the third quarter worth $35,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 47,112 shares of Synchrony Financial stock in a transaction dated 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 transaction, the insider owned 64,221 shares in the company, valued at $4,313,082.36. The trade was a 42.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alberto Casellas sold 14,399 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were 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 $3,407,912.01. This represents a 22.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 379,928 shares of company stock valued at $26,170,764 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Synchrony Financial Price Performance

Shares of SYF opened at $64.01 on Tuesday. The company has a 50 day moving average price of $73.70 and a 200-day moving average price of $75.51. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $88.77. The stock has a market capitalization of $22.25 billion, a PE ratio of 6.89, a PEG ratio of 0.56 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.

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, beating the consensus estimate of $2.02 by $0.16. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.84 billion. Synchrony Financial had a net margin of 15.72% and a return on equity of 23.07%. Synchrony Financial’s revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $1.91 earnings per share. Synchrony Financial has set its FY 2026 guidance at 9.100-9.500 EPS. Equities analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, February 6th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, February 6th. Synchrony Financial’s dividend payout ratio is 12.92%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird raised 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 note on Friday, February 13th. Royal Bank Of Canada lowered their price objective on shares of Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods upped their target price on shares of Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Wall Street Zen lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.11.

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.