SEC Form SC 13G/A filed by Synchrony Financial (Amendment)

2/9/23 12:39:51 PM ET

Finance: Consumer Services

Finance

Get the next $SYF alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.3 SYNCHRONY FINANCIAL COMMON STOCK Cusip #87165B103 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #87165B103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 17,687,085 Item 6: 0 Item 7: 18,346,980 Item 8: 0 Item 9: 18,346,980 Item 11: 4.072% Item 12: HC Cusip #87165B103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 18,346,980 Item 8: 0 Item 9: 18,346,980 Item 11: 4.072% Item 12: IN Item 1(a). Name of Issuer: SYNCHRONY FINANCIAL Item 1(b). Address of Issuer's Principal Executive Offices: 777 LONG RIDGE ROAD STAMFORD, CT 06902-1250 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 87165B103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 18,346,980 (b) Percent of Class: 4.072% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 18,346,980 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of SYNCHRONY FINANCIAL. No one other person's interest in the COMMON STOCK of SYNCHRONY FINANCIAL is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing orinfluencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 9, 2023 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Management & Research Company LLC IA Fidelity Management Trust Company BK Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 9, 2023, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of SYNCHRONY FINANCIAL at December 30, 2022. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January, 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Get the next $SYF alert in real time by email

Recent Analyst Ratings for

$SYF

Date	Price Target	Rating	Analyst
4/7/2025	$44.00	Overweight → Equal-Weight	Morgan Stanley
1/28/2025	$70.00	Buy → Neutral	Compass Point
1/6/2025	$59.00 → $79.00	Equal Weight → Overweight	Barclays
12/19/2024	$40.00 → $82.00	Underweight → Overweight	Morgan Stanley
12/9/2024	$59.00 → $72.00	Neutral → Overweight	Analyst
12/3/2024	$60.00 → $85.00	Equal Weight → Overweight	Wells Fargo
9/16/2024		Buy → Neutral	BTIG Research
8/9/2024	$54.00	Neutral → Buy	BofA Securities

More analyst ratings

SEC Form SC 13G/A filed by Synchrony Financial (Amendment)

Chat with this insight

Recent Analyst Ratings for
$SYF

$SYF
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Officer Doubles Brian D was granted 1,308 units of Dividend Equivalent Unit, increasing direct ownership by 0.18% to 713,919 units (SEC Form 4)

Director Coviello Arthur W Jr was granted 17 units of Dividend Equivalent Unit, increasing direct ownership by 0.04% to 48,554 units (SEC Form 4)

Officer Howse Curtis was granted 246 units of Dividend Equivalent Unit, increasing direct ownership by 0.23% to 108,062 units (SEC Form 4)

$SYF
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Synchrony Financial downgraded by Morgan Stanley with a new price target

Synchrony Financial downgraded by Compass Point with a new price target

Synchrony Financial upgraded by Barclays with a new price target

$SYF
SEC Filings

SEC Form DEFA14A filed by Synchrony Financial

SEC Form DEF 14A filed by Synchrony Financial

SEC Form 10-Q filed by Synchrony Financial

$SYF
Press Releases

Fastest customizable press release news feed in the world

Synchrony and Jewelers Mutual® Collaborate on Innovative New Sponsorship Agreement, Combining Finance and Insurance Marketing Efforts

Synchrony and Discount Tire Extend Long-Standing Partnership, Providing Drivers Nationwide with Financing Flexibility and Convenience

Synchrony Partners with the Independent Animal Hospital Association (IAHA) to offer CareCredit, Spotlighting Commitment to the Nation's Independent Veterinary Hospitals

$SYF
Leadership Updates

Live Leadership Updates

Synchrony Names Dan Colao to Board of Directors

IPH ENTERS STRATEGIC PARTNERSHIP WITH SYNCHRONY AND COMPLETES ACQUISITION OF PETS BEST

Synchrony Announces Resignation of Will Graylin from Board of Directors

$SYF
Large Ownership Changes

This live feed shows all institutional transactions in real time.