AG2R LA Mondiale Gestion D Actifs Makes New Investment in Synchrony Financial $SYF

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in Synchrony Financial, purchasing 19,647 shares valued at approximately $1,133,000.
• Synchrony Financial reported earnings of $2.50 EPS for the latest quarter, exceeding analyst expectations of $1.72, and set FY 2025 guidance with expectations of 7.67 EPS for the current year.
• The company recently declared a quarterly dividend of $0.30 per share, contributing to an annualized yield of 1.6%.

AG2R LA Mondiale Gestion D Actifs bought a new position in Synchrony Financial (NYSE:SYF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 19,647 shares of the financial services provider's stock, valued at approximately $1,133,000.

Other hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in Synchrony Financial in the 1st quarter worth about $30,000. Geneos Wealth Management Inc. grew its stake in 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 acquiring an additional 455 shares in the last quarter. MAI Capital Management grew 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 buying an additional 167 shares during the period. Headlands Technologies LLC acquired a new position in shares of Synchrony Financial in the 1st quarter worth approximately $34,000. Finally, CVA Family Office LLC lifted its holdings in Synchrony Financial by 355.9% during the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock worth $37,000 after buying an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SYF. Redburn Atlantic upgraded shares of Synchrony Financial to a "hold" rating in a research report on Friday, August 1st. Truist Financial upped their price target on shares of Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn started coverage on shares of Synchrony Financial in a report on Friday, August 1st. They issued a "neutral" rating and a $72.00 price target for the company. BTIG Research upgraded Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a report on Monday, July 14th. Finally, Royal Bank Of Canada increased their price target on Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Twelve analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Synchrony Financial presently has an average rating of "Moderate Buy" and a consensus target price of $73.79.

Synchrony Financial Stock Performance

NYSE SYF traded down $0.13 on Friday, reaching $76.41. The stock had a trading volume of 952,564 shares, compared to its average volume of 3,922,233. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a fifty day moving average of $72.62 and a two-hundred day moving average of $62.04. 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 $28.43 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 0.75 and a beta of 1.49.

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

Synchrony Financial Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.6%. Synchrony Financial's dividend payout ratio (DPR) is currently 14.56%.

Insider Buying and Selling at Synchrony Financial

In other news, insider Curtis Howse sold 11,380 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the transaction, the insider directly owned 108,062 shares in the company, valued at $7,024,030. This trade represents a 9.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the firm's 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 of the company's stock, valued at $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. Over the last three months, insiders sold 20,494 shares of company stock worth $1,376,450. 0.32% of the stock is currently owned by insiders.

Synchrony Financial 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.