Synchrony Financial $SYF Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Synchrony Financial by selling 5,300 shares, resulting in a total ownership of approximately 210,700 shares, worth $10.33 million.
• Synchrony Financial reported $2.50 EPS for its last quarter, exceeding analysts' expectations of $1.72, but noted a year-over-year revenue decrease of 1.8%.
• The company declared a quarterly dividend of $0.30 per share, representing a 1.6% annual yield, and has a current dividend payout ratio of 14.56%.

APG Asset Management N.V. reduced its position in Synchrony Financial (NYSE:SYF - Free Report) by 2.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 210,700 shares of the financial services provider's stock after selling 5,300 shares during the period. APG Asset Management N.V. owned about 0.06% of Synchrony Financial worth $10,326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in Synchrony Financial in the 1st quarter worth approximately $30,000. Accredited Wealth Management LLC acquired a new position in Synchrony Financial in the fourth quarter valued at $38,000. Headlands Technologies LLC acquired a new position in Synchrony Financial in the first quarter valued at $34,000. CVA Family Office LLC boosted its holdings 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 acquiring an additional 541 shares during the last quarter. Finally, TCTC Holdings LLC boosted its holdings 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 acquiring an additional 371 shares during the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on SYF shares. Royal Bank Of Canada lifted their target price on Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Barclays decreased their price target 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. BTIG Research raised shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research report on Monday, July 14th. Morgan Stanley upped their price target 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. Finally, Wells Fargo & Company upped their price target 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. Twelve analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.05.

Insider Transactions at Synchrony Financial

In other news, insider Darrell Owens sold 600 shares of Synchrony Financial stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $67.95, for a total value of $40,770.00. Following the completion of the transaction, the insider owned 21,372 shares in the company, valued at approximately $1,452,227.40. This trade represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction that occurred 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 transaction, the insider owned 68,588 shares of the company's stock, valued at approximately $4,801,160. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,494 shares of company stock worth $1,376,450. 0.32% of the stock is currently owned by corporate insiders.

Synchrony Financial Stock Down 0.2%

NYSE:SYF traded down $0.15 on Friday, reaching $76.43. The stock had a trading volume of 2,404,313 shares, compared to its average volume of 4,017,632. 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 company has a 50-day moving average of $70.16 and a 200 day moving average of $60.67. The stock has a market cap of $28.44 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 0.75 and a beta of 1.49. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $77.15.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly 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. 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 quarter last year, the company posted $1.55 earnings per share. The company's quarterly revenue was down 1.8% compared to the same quarter last year. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend yield of 1.6%. Synchrony Financial's dividend payout ratio (DPR) is presently 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.