Synchrony (SYF)

• Market cap: $26.8B
• 1 day: 1.39%
• 5 days: 8.47%
• 1 month: 2.32%
• 3 months: 21.25%
• 6 months: 31.65%
• Year to date: 5.36%
• 1 year: 88.51%
• 5 years: 92.25%
• 10 years: 136.25%
• 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)

95% more first-time investments, than exits

New positions opened: 113 | Existing positions closed: 58

7% more funds holding

Funds holding: 717 [Q2] → 764 (+47) [Q3]

8% more call options, than puts

Call options by funds: $279M | Put options by funds: $259M

1% more capital invested

Capital invested by funds: $18.6B [Q2] → $18.9B (+$224M) [Q3]

1% more repeat investments, than reductions

Existing positions increased: 271 | Existing positions reduced: 269

2.79% less ownership

Funds ownership: 98.39% [Q2] → 95.6% (-2.79%) [Q3]

36% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $65 5% downside
• Avg. target: $76 10% upside
• High target: $85 24% upside

9 analyst ratings

• positive: 7 78%
• neutral: 2 22%
• negative: 0 0%

UBS Eric Wasserstrom 100% 1-year accuracy 1 / 1 met price target	4% downside $66	Neutral Maintained	13 Jan 2025
Goldman Sachs Alex Scott 56% 1-year accuracy 38 / 68 met price target	19% upside $82	Buy Maintained	8 Jan 2025
Truist Securities Brian Foran 100% 1-year accuracy 7 / 7 met price target	5% upside $72	Hold Initiated	7 Jan 2025
Barclays Mark Devries 88% 1-year accuracy 23 / 26 met price target	15% upside $79	Overweight Upgraded	6 Jan 2025
Compass Point David Rochester 65% 1-year accuracy 15 / 23 met price target	12% upside $77	Buy Maintained	10 Dec 2024