Synchrony (SYF)

• Market cap: $25.8B
• 1 day: -0.45%
• 5 days: -0.67%
• 1 month: -1.40%
• 3 months: 35.24%
• 6 months: 47.77%
• Year to date: 74.71%
• 1 year: 73.30%
• 5 years: 82.90%
• 10 years: 117.44%
• Sector: Financials
• Industry: Finance Services

About: Synchrony Financial, originally a spinoff of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures).

Employees: 20,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

70% more first-time investments, than exits

New positions opened: 112 | Existing positions closed: 66

6% more funds holding

Funds holding: 717 [Q2] → 763 (+46) [Q3]

8% more call options, than puts

Call options by funds: $277M | Put options by funds: $255M

1% more capital invested

Capital invested by funds: $18.6B [Q2] → $18.8B (+$222M) [Q3]

1% more repeat investments, than reductions

Existing positions increased: 271 | Existing positions reduced: 269

2.79% less ownership

Funds ownership: 98.01% [Q2] → 95.22% (-2.79%) [Q3]

36% less funds holding in top 10

Funds holding in top 10: 11 [Q2] → 7 (-4) [Q3]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $40 40% downside
• Avg. target: $68 2% upside
• High target: $85 28% upside

13 analyst ratings

• positive: 10 77%
• neutral: 2 15%
• negative: 1 8%

Compass Point David Rochester 59% 1-year accuracy 13 / 22 met price target	16% upside $77	Buy Maintained	10 Dec 2024
Keefe, Bruyette & Woods Sanjay Sakhrani 55% 1-year accuracy 18 / 33 met price target	24% upside $82	Outperform Maintained	9 Dec 2024
JP Morgan Richard Shane 54% 1-year accuracy 32 / 59 met price target	9% upside $72	Overweight Upgraded	9 Dec 2024
Wells Fargo Donald Fandetti 60% 1-year accuracy 18 / 30 met price target	28% upside $85	Overweight Upgraded	3 Dec 2024
Goldman Sachs Alex Scott 53% 1-year accuracy 30 / 57 met price target	9% upside $73	Buy Maintained	19 Nov 2024