Balefire LLC Makes New Investment in Synchrony Financial $SYF

Key Points

• Balefire LLC acquired 4,126 shares of Synchrony Financial, valued at approximately $275,000, during the second quarter.
• Analysts have a consensus rating of "Moderate Buy" for Synchrony Financial with a target price averaging $73.79.
• The company recently announced a quarterly dividend of $0.30 per share, reflecting an annual yield of 1.6% with a payout ratio of 14.56%.

Balefire LLC purchased a new position in Synchrony Financial (NYSE:SYF - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,126 shares of the financial services provider's stock, valued at approximately $275,000.

Other institutional investors and hedge funds 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 valued at approximately $30,000. Geneos Wealth Management Inc. lifted its stake in shares of Synchrony Financial by 337.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock worth $31,000 after purchasing an additional 455 shares during the period. MAI Capital Management lifted its stake in shares of Synchrony Financial by 36.3% during the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider's stock worth $33,000 after purchasing an additional 167 shares during the period. Headlands Technologies LLC purchased a new position in shares of Synchrony Financial during the 1st quarter worth $34,000. Finally, CVA Family Office LLC raised its position in shares of Synchrony Financial by 355.9% in the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock worth $37,000 after buying an additional 541 shares during the period. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Performance

Shares of SYF traded up $0.03 during mid-day trading on Friday, reaching $76.56. 8,186,388 shares of the company's stock traded hands, compared to its average volume of 2,819,531. The business's 50-day moving average price is $72.74 and its 200-day moving average price is $62.18. The stock has a market capitalization of $28.48 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 0.77 and a beta of 1.49. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $77.41.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.78. The company had revenue of $3.65 billion for 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 revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. Equities 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. Investors of record on Tuesday, August 5th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial's payout ratio is presently 14.56%.

Analyst Ratings Changes

SYF has been the topic of several research reports. Barclays cut their target price on Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Truist Financial increased their target price on Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Royal Bank Of Canada increased their target price 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. Wall Street Zen raised Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, BTIG Research raised Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $73.79.

Insider Buying and Selling

In other Synchrony Financial news, insider Curtis Howse sold 11,380 shares of Synchrony Financial stock in a transaction that occurred 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 transaction, the insider owned 108,062 shares in the company, valued at approximately $7,024,030. The trade was a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $595,980.00. Following the completion of the transaction, the insider owned 68,588 shares in the company, valued at approximately $4,801,160. This trade represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,494 shares of company stock valued at $1,376,450 over the last quarter. Corporate insiders own 0.32% of the company's stock.

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.