Asset Management One Co. Ltd. Has $13.30 Million Stock Holdings in Synchrony Financial $SYF

Asset Management One Co. Ltd. lifted its holdings in Synchrony Financial (NYSE:SYF) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 199,291 shares of the financial services provider’s stock after purchasing an additional 9,805 shares during the quarter. Asset Management One Co. Ltd. owned about 0.05% of Synchrony Financial worth $13,301,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in Synchrony Financial by 5.5% during the 2nd quarter. Blue Trust Inc. now owns 3,168 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 166 shares during the last quarter. MAI Capital Management boosted its position in Synchrony Financial by 36.3% during the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 167 shares during the last quarter. Benjamin Edwards Inc. boosted its position in Synchrony Financial by 0.8% during the 1st quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider’s stock worth $1,366,000 after acquiring an additional 197 shares during the last quarter. Horizon Investments LLC boosted its position in Synchrony Financial by 3.7% during the 1st quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 198 shares during the last quarter. Finally, TFB Advisors LLC boosted its position in Synchrony Financial by 2.0% during the 2nd quarter. TFB Advisors LLC now owns 11,497 shares of the financial services provider’s stock worth $767,000 after acquiring an additional 228 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Up 2.2%

SYF opened at $74.82 on Monday. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $77.41. The stock’s fifty day simple moving average is $73.60 and its 200 day simple moving average is $65.86. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.91. The stock has a market cap of $26.95 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.50.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.64. Synchrony Financial had a return on equity of 22.96% and a net margin of 15.84%.The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the business 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. As a group, research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Wednesday, November 5th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, November 5th. Synchrony Financial’s dividend payout ratio is 13.10%.

Synchrony Financial declared that its board has authorized a stock repurchase program on Wednesday, October 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 3.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. HSBC raised Synchrony Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $73.00 to $81.00 in a research report on Friday, October 10th. Bank of America upped their price objective on Synchrony Financial from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. The Goldman Sachs Group upped their price objective on Synchrony Financial from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $75.00 price objective (down previously from $80.00) on shares of Synchrony Financial in a research note on Tuesday, October 7th. Finally, Barclays upped their price objective on Synchrony Financial from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.38.

Insiders Place Their Bets

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of the 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 transaction, the insider owned 21,372 shares in the company, valued at $1,452,227.40. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the 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 transaction, the insider owned 68,588 shares in the company, valued at $4,801,160. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

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.