7,098 Shares in Synchrony Financial $SYF Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC purchased 7,098 shares of Synchrony Financial, valued at approximately $474,000, indicating increasing institutional interest in the company.
• Synchrony Financial's stock has recently seen upgrades from multiple analysts, with Barclays raising its price target from $80.00 to $83.00 and assigning an "overweight" rating.
• The company has announced a quarterly dividend of $0.30, reflecting a 1.6% yield and a payout ratio of 14.56%.

Callan Family Office LLC bought a new position in Synchrony Financial (NYSE:SYF - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,098 shares of the financial services provider's stock, valued at approximately $474,000.

Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in Synchrony Financial in the 1st quarter worth $30,000. Geneos Wealth Management Inc. increased its holdings 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 worth $31,000 after purchasing an additional 455 shares during the period. MAI Capital Management increased its holdings 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 worth $33,000 after purchasing an additional 167 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Synchrony Financial during the 2nd quarter worth about $43,000. Finally, Headlands Technologies LLC bought a new position in shares of Synchrony Financial during the 1st quarter worth about $34,000. Institutional investors own 96.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SYF shares. Redburn Atlantic upgraded shares of Synchrony Financial to a "hold" rating in a report on Friday, August 1st. Barclays boosted their price objective on shares of Synchrony Financial from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Truist Financial boosted their price objective on shares of Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Evercore ISI boosted their price objective on shares of Synchrony Financial from $83.00 to $84.00 and gave the stock an "outperform" rating in a report on Tuesday, September 30th. Finally, Bank of America boosted their price objective on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.45.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of the business's 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 transaction, the insider directly owned 21,372 shares in the company, valued at $1,452,227.40. The trade was a 2.73% decrease in their ownership of the stock. 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 business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $595,980.00. Following the completion of the transaction, the insider owned 68,588 shares in the company, valued at approximately $4,801,160. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Synchrony Financial Stock Performance

NYSE SYF opened at $72.81 on Wednesday. The stock has a market cap of $27.09 billion, a P/E ratio of 8.84, a PEG ratio of 0.70 and a beta of 1.50. The company's 50-day simple moving average is $73.30 and its 200 day simple moving average is $64.38. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.41. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02.

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

Synchrony Financial Announces Dividend

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

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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