Assenagon Asset Management S.A. Sells 434,737 Shares of Synchrony Financial $SYF

Assenagon Asset Management S.A. reduced its position in shares of Synchrony Financial (NYSE:SYF) by 89.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 51,526 shares of the financial services provider’s stock after selling 434,737 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Synchrony Financial were worth $4,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp lifted its position in Synchrony Financial by 1.0% during the third quarter. State Street Corp now owns 19,080,903 shares of the financial services provider’s stock valued at $1,355,698,000 after purchasing an additional 191,920 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Synchrony Financial by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 14,335,213 shares of the financial services provider’s stock worth $1,018,517,000 after buying an additional 739,832 shares during the last quarter. Ameriprise Financial Inc. raised its position 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 buying an additional 406,796 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Synchrony Financial by 13.0% during the 4th quarter. Nordea Investment Management AB now owns 5,134,903 shares of the financial services provider’s stock valued at $431,999,000 after buying an additional 592,567 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Synchrony Financial in the 2nd quarter valued at about $299,360,000. 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 Alberto Casellas sold 14,399 shares of Synchrony Financial 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 directly owned 50,331 shares of the company’s stock, valued at $3,407,912.01. The trade was a 22.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian J. Sr. Wenzel sold 47,112 shares of the company’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 owned 64,221 shares of the company’s stock, valued at $4,313,082.36. This represents a 42.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 379,928 shares of company stock worth $26,170,764 over the last three months. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SYF shares. Wolfe Research started coverage on Synchrony Financial in a research report on Monday, December 8th. They set an “outperform” rating and a $92.00 target price on the stock. Keefe, Bruyette & Woods raised their price target on Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Royal Bank Of Canada dropped 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 note on Wednesday, January 28th. Robert W. Baird upgraded shares of Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price objective on the stock in a research report on Friday, February 13th. Finally, BTIG Research reissued a “buy” rating and issued a $96.00 target price on shares of Synchrony Financial in a research note on Wednesday, March 11th. One investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.42.

Synchrony Financial Trading Down 0.1%

Shares of SYF opened at $65.31 on Monday. The firm has a market capitalization of $22.70 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.58 and a beta of 1.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $88.77. The company has a 50-day moving average of $70.73 and a 200 day moving average of $74.89.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The business 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 revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 EPS. 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 year.

Synchrony Financial Dividend Announcement

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

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.