5 Stocks Warren Buffett is Selling

2. Synchrony Financial (NYSE: SYF)

Number of Hedge Fund Holders: 49  

Synchrony Financial (NYSE: SYF) is a Connecticut-based financial services company. It is placed second on our list of 10 stocks Warren Buffett is selling. The company’s shares have offered investors returns exceeding 116% over the course of the past year. The company is one of the few stocks that Buffett has entirely removed from his portfolio in the first quarter of 2021. 

On May 25, the Synchrony Financial (NYSE: SYF) board approved a share buyback program worth almost $3 billion. The firm also announced that it intended to maintain a quarterly cash dividend of $0.22/share of common stock through to 2022. 

At the end of the first quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in Synchrony Financial (NYSE: SYF), down from 50 in the preceding quarter worth $2.4 billion.