BlackRock Amends Synchrony Financial Stake (SC 13G/A)
Ticker: SYF-PB · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1601712
| Field | Detail |
|---|---|
| Company | Synchrony Financial (SYF-PB) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Synchrony Financial, signaling institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended Schedule 13G/A on January 24, 2024, indicating its ownership of Synchrony Financial's common stock as of December 31, 2023. This filing, Amendment No. 9, shows BlackRock continues to be a significant institutional holder of Synchrony Financial, a major consumer financial services company. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects and can influence stock stability.
Why It Matters
This filing confirms BlackRock's continued substantial investment in Synchrony Financial, which can be seen as a vote of confidence from a major institutional investor. For shareholders, this indicates a stable institutional base, potentially reducing volatility.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative or positive risk for the company.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, which suggests stability in institutional ownership. While this filing doesn't reveal changes in share count, it confirms ongoing institutional interest in Synchrony Financial.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Synchrony Financial (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 9 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 9)'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.'.
What is the name of the issuer whose securities are being reported?
The issuer is Synchrony Financial, as clearly stated under '(Name of Issuer) SYNCHRONY FINANCIAL'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the document: 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Synchrony Financial is 87165B103, as listed under '(CUSIP Number) 87165B103'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Synchrony Financial (SYF-PB).