Synchrony Financial $SYF Shares Sold by Wincap Financial LLC

Wincap Financial LLC lessened its holdings in Synchrony Financial (NYSE:SYF) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,243 shares of the financial services provider’s stock after selling 1,371 shares during the period. Synchrony Financial makes up 1.2% of Wincap Financial LLC’s investment portfolio, making the stock its 21st largest position. Wincap Financial LLC’s holdings in Synchrony Financial were worth $1,551,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SYF. Zions Bancorporation National Association UT acquired a new position in shares of Synchrony Financial in the 1st quarter valued at $30,000. Geneos Wealth Management Inc. lifted its stake in shares of Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 455 shares during the last quarter. MAI Capital Management lifted its stake in shares of 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 purchasing an additional 167 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Synchrony Financial in the 1st quarter valued at $34,000. Finally, CNB Bank lifted its stake in shares of Synchrony Financial by 20,366.7% in the 2nd quarter. CNB Bank now owns 614 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 611 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In other news, insider Brian J. Sr. Wenzel sold 8,514 shares of the stock in a transaction dated 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 approximately $4,801,160. This represents a 11.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Darrell Owens sold 600 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $67.95, for a total value of $40,770.00. Following the completion of the transaction, 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. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

SYF has been the topic of several research analyst reports. Barclays boosted their price objective on Synchrony Financial from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Bank of America boosted their price objective on Synchrony Financial from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 11th. The Goldman Sachs Group boosted their price objective on Synchrony Financial from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Morgan Stanley boosted their price objective on Synchrony Financial from $72.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $75.00 price objective (down previously from $80.00) on shares of Synchrony Financial in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.38.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $74.92 on Tuesday. The stock’s 50-day moving average is $73.66 and its two-hundred day moving average is $66.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $77.41. The company has a market cap of $26.98 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.75 and a beta of 1.50.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.86 EPS 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 the consensus estimate of $3.79 billion. During the same quarter in the prior year, the business posted $1.94 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. Analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial declared that its board has approved a share repurchase plan on Wednesday, October 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Synchrony Financial Dividend Announcement

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

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.