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StocksUpdated×4•Originally published 6 May 2026•Updated 7 May 2026•

1 min read

Bokf Na Trims Stake in Synchrony Financial Despite Q1 Earnings Beat

Key Facts

1Bokf Na reduced its stake in Synchrony Financial by 20.9% to 243,269 shares, valued at approximately $20.30 million.

2The company reported Q1 EPS of $2.27, beating expectations despite a 7.4% year-over-year revenue decline.

3The company declared a quarterly dividend of $0.30 per share and authorized a stock repurchase plan.

Institutional activity for Bokf Na has shown a strategic rebalancing, recently trimming its stake in S&P Global (SPGI) by 11.4%, leaving a remaining position valued at over $10 million. This divestment comes despite S&P Global beating estimates with Q1 revenue of $4.17 billion, while analysts maintain 'Buy' ratings on the stock with price targets around $550. Additionally, the firm reduced its holdings in Synchrony Financial (SYF) by 20.9% and Cadence Design Systems (CDNS) by 36.5%, the latter now valued at approximately $7.49 million. Conversely, Bokf Na significantly increased its position in VeriSign (VRSN) by 112.7% to a total of $7.03 million. These shifts highlight a nuanced approach to portfolio management, even as total institutional ownership in SYF remains high at 96.48% and corporate earnings continue to exceed market expectations.

28 days ago

Version History

Version 428 days ago

What changed: Added details regarding Bokf Na's divestment in S&P Global Inc., the company's Q1 revenue beat, and positive analyst price targets.

Version 328 days ago

What changed: Added details regarding Bokf Na's divestment from Cadence Design Systems (CDNS) and the current value of the remaining holding.

Version 228 days ago

What changed: Updated the story to include Bokf Na's increased stake in VeriSign and its reduction in Intuit, noting dividend payouts and new AI initiatives.

Version 129 days ago

What changed: Updated the story to include QRG Capital Management's increased stakes in SYF, BLK, and LHX, along with total institutional ownership data.