3Chopt Investment Partners LLC Boosts Stock Position in Synchrony Financial $SYF

Key Points

• 3Chopt Investment Partners LLC increased its stake in Synchrony Financial by 69.7% during Q2, owning 8,655 shares worth approximately $578,000 after purchasing an additional 3,554 shares.
• Synchrony Financial reported earnings of $2.50 per share for the last quarter, surpassing analyst expectations of $1.72, despite a 1.8% drop in revenue compared to the previous year.
• The company also announced a quarterly dividend of $0.30, resulting in an annualized dividend of $1.20 and a yield of 1.7%.

3Chopt Investment Partners LLC grew its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 69.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,655 shares of the financial services provider's stock after buying an additional 3,554 shares during the period. 3Chopt Investment Partners LLC's holdings in Synchrony Financial were worth $578,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new position in shares of Synchrony Financial during the 1st quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its position in shares of Synchrony Financial by 337.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock valued at $31,000 after buying an additional 455 shares in the last quarter. MAI Capital Management lifted its position in shares of Synchrony Financial by 36.3% during the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider's stock valued at $33,000 after buying an additional 167 shares in the last quarter. Headlands Technologies LLC purchased a new position in Synchrony Financial in the 1st quarter worth approximately $34,000. Finally, CVA Family Office LLC lifted its holdings in Synchrony Financial by 355.9% in the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock worth $37,000 after purchasing an additional 541 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Stock Performance

NYSE SYF opened at $70.98 on Friday. The company has a market cap of $26.41 billion, a P/E ratio of 8.61, a P/E/G ratio of 0.71 and a beta of 1.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24. The business's 50 day moving average price is $73.21 and its 200-day moving average price is $63.99. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $77.41.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.71 billion. During the same quarter in the previous year, the business earned $1.55 EPS. Synchrony Financial's revenue was down 1.8% compared to the same quarter last year. Synchrony Financial has set its FY 2025 guidance at EPS. Sell-side analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, August 5th. Synchrony Financial's dividend payout ratio is currently 14.56%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen raised Synchrony Financial from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Morgan Stanley boosted their price target on Synchrony Financial from $72.00 to $82.00 and gave the stock an "equal weight" rating in a report on Monday, September 29th. Keefe, Bruyette & Woods boosted their price target on Synchrony Financial from $82.00 to $86.00 and gave the stock an "outperform" rating in a report on Wednesday, October 1st. Barclays boosted their price target on Synchrony Financial from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Monday. Finally, The Goldman Sachs Group boosted their price target on Synchrony Financial from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $77.26.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 8,514 shares of the company's 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 sale, the insider directly owned 68,588 shares in the company, valued at approximately $4,801,160. This represents a 11.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Darrell Owens sold 600 shares of the company's 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 completion of the sale, the insider owned 21,372 shares of the company's stock, valued at $1,452,227.40. This represents a 2.73% 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 corporate insiders.

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.

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