First National Advisers LLC Sells 1,267 Shares of Synchrony Financial $SYF

First National Advisers LLC lessened its holdings in shares of Synchrony Financial (NYSE:SYF) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,567 shares of the financial services provider’s stock after selling 1,267 shares during the quarter. First National Advisers LLC’s holdings in Synchrony Financial were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SYF. Schroder Investment Management Group grew its holdings in Synchrony Financial by 8.7% during the second quarter. Schroder Investment Management Group now owns 940,115 shares of the financial services provider’s stock valued at $62,743,000 after purchasing an additional 74,934 shares during the period. Mackenzie Financial Corp grew its stake in shares of Synchrony Financial by 11.7% during the 2nd quarter. Mackenzie Financial Corp now owns 488,619 shares of the financial services provider’s stock valued at $32,610,000 after acquiring an additional 51,274 shares during the period. Virtus Investment Advisers LLC increased its holdings in Synchrony Financial by 26.4% in the 2nd quarter. Virtus Investment Advisers LLC now owns 26,950 shares of the financial services provider’s stock worth $1,799,000 after acquiring an additional 5,637 shares in the last quarter. Norges Bank purchased a new stake in Synchrony Financial in the 2nd quarter worth approximately $299,360,000. Finally, Measured Wealth Private Client Group LLC raised its stake in Synchrony Financial by 19.4% during the 2nd quarter. Measured Wealth Private Client Group LLC now owns 15,776 shares of the financial services provider’s stock worth $1,053,000 after acquiring an additional 2,559 shares during the period. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 32,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $72.80, for a total value of $2,329,600.00. Following the sale, the insider directly owned 127,100 shares in the company, valued at $9,252,880. The trade was a 20.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arthur W. Coviello, Jr. sold 8,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $73.93, for a total transaction of $591,440.00. Following the completion of the transaction, the director directly owned 35,769 shares of the company’s stock, valued at approximately $2,644,402.17. The trade was a 18.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 55,075 shares of company stock worth $4,036,892. Company insiders own 0.32% of the company’s stock.

Synchrony Financial Trading Up 0.5%

Shares of Synchrony Financial stock opened at $77.36 on Friday. The firm has a market cap of $27.86 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.54 and a beta of 1.51. The business has a 50-day moving average price of $73.20 and a 200-day moving average price of $69.83. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.91.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $2.86 EPS for the quarter, topping 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 company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the business earned $1.94 earnings per share. 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 research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial announced that its Board of Directors has initiated a share repurchase plan on Wednesday, October 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 3.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Wednesday, November 5th were issued a $0.30 dividend. The ex-dividend date of this dividend was 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 (DPR) is 13.10%.

Analysts Set New Price Targets

A number of research firms have weighed in on SYF. HSBC upgraded shares of 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. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Synchrony Financial in a report on Thursday, October 16th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $75.00 price target (down from $80.00) on shares of Synchrony Financial in a report on Tuesday, October 7th. Wells Fargo & Company boosted their price objective on Synchrony Financial from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Finally, UBS Group increased their target price on Synchrony Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.38.

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.