Algert Global LLC Takes $522,000 Position in Synchrony Financial $SYF

Key Points

• Algert Global LLC has made a new investment of approximately $522,000 in Synchrony Financial, acquiring 9,860 shares during the first quarter.
• Synchrony Financial's recent earnings report showed an EPS of $2.50, exceeding the consensus estimate of $1.72, despite a revenue decline of 1.8% year-over-year.
• The company also announced a quarterly dividend of $0.30 per share, representing an annualized dividend yield of 1.6%.

Algert Global LLC purchased a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,860 shares of the financial services provider's stock, valued at approximately $522,000.

A number of other large investors have also recently bought and sold shares of SYF. Nuveen LLC bought a new stake in Synchrony Financial in the first quarter worth $175,294,000. Sachem Head Capital Management LP bought a new stake in Synchrony Financial in the fourth quarter worth $142,838,000. Price T Rowe Associates Inc. MD boosted its holdings in Synchrony Financial by 340.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,512,340 shares of the financial services provider's stock worth $163,303,000 after purchasing an additional 1,942,573 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Synchrony Financial by 755.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,179,984 shares of the financial services provider's stock worth $115,408,000 after acquiring an additional 1,925,217 shares during the last quarter. Finally, Azora Capital LP lifted its position in Synchrony Financial by 700.5% during the 4th quarter. Azora Capital LP now owns 2,107,839 shares of the financial services provider's stock worth $137,010,000 after acquiring an additional 1,844,509 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Darrell Owens sold 600 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $67.95, for a total transaction of $40,770.00. Following the sale, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the firm's stock in a transaction that occurred on 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 directly owned 68,588 shares in the company, valued at approximately $4,801,160. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,494 shares of company stock valued at $1,376,450 over the last three months. 0.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on SYF shares. BTIG Research raised shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research report on Monday, July 14th. Morgan Stanley boosted their target price on shares of Synchrony Financial from $48.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their target price on shares of Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Wells Fargo & Company boosted their target price on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Barclays cut their price objective on shares of Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Twelve analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $74.05.

Synchrony Financial Price Performance

Shares of SYF traded down $0.20 during mid-day trading on Friday, hitting $76.38. 1,133,456 shares of the company traded hands, compared to its average volume of 4,009,485. Synchrony Financial has a one year low of $40.54 and a one year high of $77.15. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average of $70.16 and a 200 day moving average of $60.67. The stock has a market capitalization of $28.42 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.75 and a beta of 1.49.

Synchrony Financial (NYSE:SYF - Get Free Report) last released 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 net margin of 14.43% and a return on equity of 21.34%. The business had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.71 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. 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. As a group, equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were paid a dividend of $0.30 per share. 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%.

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.