Synchrony Financial $SYF Shares Purchased by Bank of America Corp DE

Bank of America Corp DE grew its holdings in shares of Synchrony Financial (NYSE:SYF) by 5.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,335,213 shares of the financial services provider’s stock after buying an additional 739,832 shares during the quarter. Bank of America Corp DE owned 3.98% of Synchrony Financial worth $1,018,517,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its holdings in shares of Synchrony Financial by 8.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,307,077 shares of the financial services provider’s stock valued at $354,194,000 after acquiring an additional 406,796 shares in the last quarter. Nordea Investment Management AB increased its holdings in Synchrony Financial by 7.9% in the 3rd quarter. Nordea Investment Management AB now owns 4,542,336 shares of the financial services provider’s stock valued at $318,236,000 after purchasing an additional 333,093 shares in the last quarter. Norges Bank acquired a new stake in Synchrony Financial in the 2nd quarter valued at $299,360,000. Assetmark Inc. raised its position in 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. Finally, AQR Capital Management LLC raised its position in Synchrony Financial by 6.1% in the second quarter. AQR Capital Management LLC now owns 4,266,366 shares of the financial services provider’s stock valued at $284,737,000 after purchasing an additional 245,527 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analysts Set New Price Targets

SYF has been the subject of several analyst reports. Wall Street Zen downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Royal Bank Of Canada dropped their target price on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. BTIG Research restated a “buy” rating and issued a $96.00 price target on shares of Synchrony Financial in a report on Wednesday, March 11th. Compass Point raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Wednesday, January 28th. Finally, Barclays dropped their price objective on shares of Synchrony Financial from $101.00 to $93.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 28th. One 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.11.

Synchrony Financial Trading Up 0.4%

NYSE:SYF opened at $64.01 on Tuesday. 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 has a one year low of $40.54 and a one year high of $88.77. The business’s 50-day simple moving average is $73.70 and its 200 day simple moving average is $75.51. The stock has a market cap of $22.25 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.16. Synchrony Financial had a return on equity of 23.07% and a net margin of 15.72%.The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the firm earned $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. As a group, sell-side analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

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

Insider Buying and Selling at Synchrony Financial

In related news, insider Brian J. Sr. Wenzel sold 47,112 shares of Synchrony Financial stock in a transaction on 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 completion of the sale, the insider owned 64,221 shares in the company, valued at approximately $4,313,082.36. The trade was a 42.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian D. Doubles sold 217,554 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $68.68, for a total transaction of $14,941,608.72. Following the completion of the sale, the insider directly owned 829,222 shares in the company, valued at $56,950,966.96. This represents a 20.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have 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.