Archford Capital Strategies LLC Increases Stock Position in Synchrony Financial $SYF

Key Points

• Archford Capital Strategies LLC increased its stake in Synchrony Financial by 30.1%, owning a total of 19,041 shares valued at approximately $1.27 million as of the latest quarter.
• Synchrony Financial reported $2.50 earnings per share for the last quarter, exceeding analysts' expectations, although its revenue showed a 1.8% decline year-over-year.
• The company recently declared a quarterly dividend of $0.30, indicating an annualized yield of 1.6% with a low dividend payout ratio of 14.56%.

Archford Capital Strategies LLC lifted its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 30.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,041 shares of the financial services provider's stock after purchasing an additional 4,405 shares during the period. Archford Capital Strategies LLC's holdings in Synchrony Financial were worth $1,271,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC lifted its position in shares of Synchrony Financial by 5.5% during the second quarter. V Square Quantitative Management LLC now owns 10,346 shares of the financial services provider's stock valued at $690,000 after purchasing an additional 539 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Synchrony Financial by 9.5% during the second quarter. Fifth Third Bancorp now owns 30,935 shares of the financial services provider's stock valued at $2,065,000 after purchasing an additional 2,687 shares in the last quarter. Kwmg LLC lifted its position in shares of Synchrony Financial by 1.3% during the second quarter. Kwmg LLC now owns 112,574 shares of the financial services provider's stock valued at $7,513,000 after purchasing an additional 1,461 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Synchrony Financial by 9.7% during the second quarter. CHICAGO TRUST Co NA now owns 6,715 shares of the financial services provider's stock valued at $448,000 after purchasing an additional 595 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Synchrony Financial by 22.7% during the second quarter. GAMMA Investing LLC now owns 11,505 shares of the financial services provider's stock valued at $768,000 after purchasing an additional 2,131 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Price Performance

SYF opened at $74.58 on Monday. The company has a market capitalization of $27.75 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 0.75 and a beta of 1.48. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $73.24 and a 200-day moving average price of $63.05. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.41.

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, topping the consensus estimate of $1.72 by $0.78. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The company's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. Equities analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend yield of 1.6%. Synchrony Financial's dividend payout ratio (DPR) is presently 14.56%.

Insider Activity

In other news, 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 value 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. This trade represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darrell Owens sold 600 shares of the firm's 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 completion of the transaction, the insider owned 21,372 shares of the company's stock, valued at $1,452,227.40. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Bank of America raised their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Royal Bank Of Canada raised their price objective on shares of Synchrony Financial from $75.00 to $78.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on shares of Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. BTIG Research upgraded shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Monday, July 14th. Finally, Wells Fargo & Company raised their price objective on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.37.

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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