Clarius Group LLC Decreases Stock Holdings in Synchrony Financial $SYF

Clarius Group LLC decreased its stake in shares of Synchrony Financial (NYSE:SYF) by 8.8% during the second quarter, Holdings Channel reports. The firm owned 4,175 shares of the financial services provider’s stock after selling 405 shares during the quarter. Clarius Group LLC’s holdings in Synchrony Financial were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Synchrony Financial by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 48,420,051 shares of the financial services provider’s stock valued at $2,563,358,000 after buying an additional 281,383 shares during the period. Allianz Asset Management GmbH boosted its position in Synchrony Financial by 6.5% in the first quarter. Allianz Asset Management GmbH now owns 5,868,022 shares of the financial services provider’s stock worth $310,653,000 after purchasing an additional 358,708 shares during the last quarter. Invesco Ltd. grew its stake in shares of Synchrony Financial by 13.7% during the 1st quarter. Invesco Ltd. now owns 5,858,422 shares of the financial services provider’s stock valued at $310,145,000 after purchasing an additional 706,212 shares during the period. Southpoint Capital Advisors LP increased its position in shares of Synchrony Financial by 25.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the financial services provider’s stock valued at $264,700,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Synchrony Financial by 36.0% in the 1st quarter. Ameriprise Financial Inc. now owns 4,900,281 shares of the financial services provider’s stock worth $259,421,000 after purchasing an additional 1,297,859 shares during the period. Institutional investors own 96.48% of the company’s stock.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $595,980.00. Following the sale, the insider directly owned 68,588 shares in the company, valued at approximately $4,801,160. The trade was a 11.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Darrell Owens sold 600 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $67.95, for a total transaction of $40,770.00. Following the completion of the sale, the insider owned 21,372 shares in the company, valued at approximately $1,452,227.40. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SYF. Rothschild & Co Redburn began coverage on shares of Synchrony Financial in a research report on Friday, August 1st. They set a “neutral” rating and a $72.00 target price for the company. Truist Financial upped their price objective on Synchrony Financial from $68.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on Synchrony Financial from $52.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Royal Bank Of Canada boosted their price target on Synchrony Financial from $75.00 to $78.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $76.84.

Synchrony Financial Price Performance

NYSE:SYF opened at $71.39 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The business’s 50-day simple moving average is $73.18 and its two-hundred day simple moving average is $63.78. The stock has a market cap of $26.56 billion, a PE ratio of 8.66, a P/E/G ratio of 0.72 and a beta of 1.50. Synchrony Financial has a 52 week low of $40.54 and a 52 week high of $77.41.

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

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is 14.56%.

Synchrony Financial Company 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.