AlphaQuest LLC Purchases 9,530 Shares of Synchrony Financial $SYF

Key Points

• AlphaQuest LLC increased its stake in Synchrony Financial by 46.7%, adding 9,530 shares in the first quarter, bringing its total holdings to 29,919 shares worth approximately $1.58 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Synchrony Financial, with a price target averaging $74.05, while BTIG Research recently upgraded the company to a "buy" rating with a target of $100.00.
• Synchrony Financial reported an EPS of $2.50 in its latest earnings results, exceeding the consensus estimate by $0.78, though its revenue decreased by 1.8% compared to the same period last year.

AlphaQuest LLC increased its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 46.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,919 shares of the financial services provider's stock after buying an additional 9,530 shares during the quarter. AlphaQuest LLC's holdings in Synchrony Financial were worth $1,584,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in Synchrony Financial in the first quarter valued at approximately $30,000. Headlands Technologies LLC bought a new position in Synchrony Financial in the first quarter valued at approximately $34,000. CVA Family Office LLC grew its stake in Synchrony Financial by 355.9% in the first quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 541 shares in the last quarter. Accredited Wealth Management LLC bought a new position in Synchrony Financial in the fourth quarter valued at approximately $38,000. Finally, TCTC Holdings LLC grew its stake in Synchrony Financial by 89.0% in the first quarter. TCTC Holdings LLC now owns 788 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 371 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BTIG Research upgraded Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research note on Monday, July 14th. JMP Securities raised their price target on Synchrony Financial from $68.00 to $77.00 and gave the company a "market outperform" rating in a research note on Thursday, July 17th. Wall Street Zen downgraded Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Friday. Redburn Atlantic upgraded Synchrony Financial to a "hold" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada lifted their target price on Synchrony Financial from $75.00 to $78.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $74.05.

Insider Activity at Synchrony Financial

In related news, insider Brian J. Sr. Wenzel sold 8,514 shares of the business'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 $4,801,160. The trade was a 11.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Curtis Howse sold 11,380 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total value of $739,700.00. Following the completion of the sale, the insider owned 108,062 shares of the company's stock, valued at $7,024,030. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,494 shares of company stock worth $1,376,450 in the last ninety days. 0.32% of the stock is owned by company insiders.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $73.1650 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $74.11. The stock has a 50 day moving average of $69.01 and a 200-day moving average of $60.44. The company has a market capitalization of $27.22 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.72 and a beta of 1.49.

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

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid 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 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.

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