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Synchrony Financial $SYF Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al
Virginia Retirement Systems significantly reduced its stake in Synchrony Financial (NYSE:SYF) by 40.1% in the fourth quarter, although it still holds a substantial number of shares. This institutional selling coincides with notable insider selling, including by the CEO and another insider, totaling over 323,000 shares in the last three months. Despite these sales, Synchrony Financial reported strong earnings, initiated a share buyback plan, and declared a quarterly dividend, maintaining a “Moderate Buy” consensus rating from analysts.