3,690 Shares in Synchrony Financial $SYF Acquired by Planned Solutions Inc.

Planned Solutions Inc. purchased a new position in Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,690 shares of the financial services provider’s stock, valued at approximately $246,000.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Synchrony Financial by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 48,420,051 shares of the financial services provider’s stock worth $2,563,358,000 after purchasing an additional 281,383 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Synchrony Financial by 6.5% in the 1st 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. lifted its holdings in shares of Synchrony Financial by 13.7% in the 1st quarter. Invesco Ltd. now owns 5,858,422 shares of the financial services provider’s stock worth $310,145,000 after purchasing an additional 706,212 shares during the last quarter. Southpoint Capital Advisors LP lifted its holdings in shares of Synchrony Financial by 25.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the financial services provider’s stock worth $264,700,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings 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 last quarter. Institutional investors own 96.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SYF shares. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Synchrony Financial in a report on Thursday. Morgan Stanley lifted their target price on Synchrony Financial from $72.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Barclays lifted their target price on Synchrony Financial from $83.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their target price on Synchrony Financial from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada lifted their target price on Synchrony Financial from $75.00 to $78.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.38.

Insider Buying and Selling at Synchrony Financial

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

Synchrony Financial Stock Up 1.9%

Shares of SYF stock opened at $71.58 on Friday. Synchrony Financial has a 1 year low of $40.54 and a 1 year high of $77.41. The stock has a market cap of $26.63 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.71 and a beta of 1.50. The business’s fifty day moving average is $73.43 and its 200-day moving average is $64.75. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.64. Synchrony Financial had a return on equity of 22.96% and a net margin of 15.84%.The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the firm earned $1.94 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. Equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is 13.10%.

Synchrony Financial declared that its Board of Directors has authorized a share repurchase plan on Wednesday, October 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 3.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

About Synchrony Financial

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.