Invst LLC Lowers Stock Holdings in Synchrony Financial $SYF

Invst LLC trimmed its stake in Synchrony Financial (NYSE:SYF) by 53.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,472 shares of the financial services provider’s stock after selling 11,088 shares during the period. Invst LLC’s holdings in Synchrony Financial were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. MAI Capital Management boosted its position in Synchrony Financial by 36.3% in the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock valued at $33,000 after buying an additional 167 shares during the period. Benjamin Edwards Inc. boosted its position in Synchrony Financial by 0.8% in the 1st quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider’s stock valued at $1,366,000 after buying an additional 197 shares during the period. Horizon Investments LLC boosted its position in Synchrony Financial by 3.7% in the 1st quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider’s stock valued at $295,000 after buying an additional 198 shares during the period. Gotham Asset Management LLC raised its holdings in shares of Synchrony Financial by 2.0% in the 4th quarter. Gotham Asset Management LLC now owns 11,505 shares of the financial services provider’s stock valued at $748,000 after purchasing an additional 226 shares in the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Synchrony Financial by 2.6% in the 1st quarter. Synovus Financial Corp now owns 9,223 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 230 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of Synchrony Financial stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $67.95, for a total transaction of $40,770.00. Following the completion of the sale, the insider directly owned 21,372 shares in the company, valued at $1,452,227.40. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $595,980.00. Following the sale, the insider owned 68,588 shares of the company’s stock, valued at approximately $4,801,160. This represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,494 shares of company stock valued at $1,376,450 over the last ninety days. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SYF. The Goldman Sachs Group boosted their price target on shares of Synchrony Financial from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. BTIG Research upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, July 14th. Bank of America boosted their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company boosted their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley boosted their price target on shares of Synchrony Financial from $48.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.79.

Synchrony Financial Stock Down 0.8%

NYSE:SYF opened at $75.43 on Friday. The firm has a market capitalization of $28.06 billion, a P/E ratio of 9.15, a PEG ratio of 0.77 and a beta of 1.49. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $77.41. The company’s fifty day moving average price is $72.19 and its 200-day moving average price is $61.60. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.78. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Synchrony Financial’s payout ratio is 14.56%.

Synchrony Financial Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.