FJ Capital Management LLC Purchases Shares of 6,851 Synchrony Financial $SYF

Key Points

• FJ Capital Management LLC acquired 6,851 shares of Synchrony Financial, valued at approximately $363,000, during the 1st quarter according to SEC filings.
• Analysts have a consensus rating of “Moderate Buy” for Synchrony Financial, with a target price of $74.05, reflecting optimism about the stock's performance.
• Synchrony Financial recently reported earnings of $2.50 EPS, significantly exceeding analyst estimates, although revenues were down 1.8% year-over-year.

FJ Capital Management LLC bought a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,851 shares of the financial services provider's stock, valued at approximately $363,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MAI Capital Management increased its position in shares of Synchrony Financial by 36.3% in the first 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. Benjamin Edwards Inc. increased its position in shares of Synchrony Financial by 0.8% in the first quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider's stock valued at $1,366,000 after buying an additional 197 shares in the last quarter. Horizon Investments LLC increased its position in shares of Synchrony Financial by 3.7% in the first quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider's stock valued at $295,000 after buying an additional 198 shares in the last quarter. Gotham Asset Management LLC increased its position in shares of Synchrony Financial by 2.0% in the fourth quarter. Gotham Asset Management LLC now owns 11,505 shares of the financial services provider's stock valued at $748,000 after buying an additional 226 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of Synchrony Financial by 2.6% in the first quarter. Synovus Financial Corp now owns 9,223 shares of the financial services provider's stock valued at $488,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Insider Buying and Selling

In related news, insider Darrell Owens sold 600 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $1,452,227.40. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Curtis Howse sold 11,380 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total value of $739,700.00. Following the transaction, the insider directly owned 108,062 shares in the company, valued at approximately $7,024,030. The trade was a 9.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,494 shares of company stock valued at $1,376,450. Corporate insiders own 0.33% of the company's stock.

Synchrony Financial Trading Up 1.8%

Shares of Synchrony Financial stock traded up $1.36 during trading hours on Thursday, hitting $76.85. The company's stock had a trading volume of 2,520,828 shares, compared to its average volume of 3,992,035. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.15. The firm has a fifty day moving average of $71.13 and a 200-day moving average of $60.98. The stock has a market cap of $28.59 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 0.76 and a beta of 1.49. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $1.72 by $0.78. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the company posted $1.55 EPS. The company's quarterly revenue was down 1.8% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. Research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial's dividend payout ratio is 14.56%.

Analyst Ratings Changes

A number of research firms have recently commented on SYF. Barclays cut their price objective on Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company boosted their price objective on Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. JMP Securities boosted their price target on Synchrony Financial from $68.00 to $77.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 17th. Rothschild & Co Redburn began coverage on Synchrony Financial in a research report on Friday, August 1st. They set a "neutral" rating and a $72.00 price target for the company. Finally, Morgan Stanley boosted their price target on Synchrony Financial from $48.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Twelve research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.05.

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.