ASR Vermogensbeheer N.V. Has $276,000 Holdings in Synchrony Financial $SYF

Key Points

• ASR Vermogensbeheer N.V. significantly reduced its stake in Synchrony Financial by 70.5% in the second quarter, resulting in holdings valued at $276,000.
• A number of hedge funds, including Vanguard Group and Allianz Asset Management, have increased their stakes in Synchrony Financial, with Vanguard now owning over 48 million shares valued at approximately $2.56 billion.
• Synchrony Financial declared a quarterly dividend of $0.30 per share, translating to an annual yield of 1.7%, with a low dividend payout ratio of 14.56%.

ASR Vermogensbeheer N.V. reduced its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 70.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,130 shares of the financial services provider's stock after selling 9,889 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Synchrony Financial were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SYF. Vanguard Group Inc. increased its stake in Synchrony Financial by 0.6% in the first quarter. Vanguard Group Inc. now owns 48,420,051 shares of the financial services provider's stock valued at $2,563,358,000 after purchasing an additional 281,383 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Synchrony Financial by 6.5% in the 1st quarter. Allianz Asset Management GmbH now owns 5,868,022 shares of the financial services provider's stock valued at $310,653,000 after buying an additional 358,708 shares in the last quarter. Invesco Ltd. raised its stake in Synchrony Financial by 13.7% during the 1st quarter. Invesco Ltd. now owns 5,858,422 shares of the financial services provider's stock worth $310,145,000 after buying an additional 706,212 shares during the period. Southpoint Capital Advisors LP lifted its holdings in Synchrony Financial by 25.0% during the first quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the financial services provider's stock worth $264,700,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Synchrony Financial by 36.0% during the first quarter. Ameriprise Financial Inc. now owns 4,900,281 shares of the financial services provider's stock worth $259,421,000 after acquiring an additional 1,297,859 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 8,514 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $595,980.00. Following the transaction, the insider owned 68,588 shares of the company's stock, valued at $4,801,160. The trade was a 11.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darrell Owens sold 600 shares of the company'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 value of $40,770.00. Following the completion of the sale, the insider owned 21,372 shares in the company, valued at $1,452,227.40. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company's stock.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $71.24 on Monday. 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 business has a 50-day moving average of $73.21 and a 200-day moving average of $63.66. The stock has a market capitalization of $26.50 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.72 and a beta of 1.50. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $77.41.

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, beating the consensus estimate of $1.72 by $0.78. The firm had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.71 billion. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial's dividend payout ratio is 14.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada raised their price target on Synchrony Financial from $75.00 to $78.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Redburn Atlantic raised shares of Synchrony Financial to a "hold" rating in a research note on Friday, August 1st. BTIG Research upgraded shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday, July 14th. Wall Street Zen raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Finally, Rothschild & Co Redburn started coverage on shares of Synchrony Financial in a research report on Friday, August 1st. They issued a "neutral" rating and a $72.00 price objective on the stock. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.68.

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.

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