Campbell & CO Investment Adviser LLC Buys Shares of 159,080 Synchrony Financial $SYF

Key Points

• Campbell & CO Investment Adviser LLC acquired 159,080 shares of Synchrony Financial (NYSE:SYF) valued at approximately $8.42 million, making it the firm’s 4th largest position.
• Multiple investors, including Nuveen LLC and Price T Rowe Associates, have significantly increased their stakes in Synchrony Financial, indicating strong institutional interest in the company.
• Synchrony Financial announced a quarterly dividend of $0.30 per share, reflecting an annualized yield of 1.6%, with a low dividend payout ratio of 14.56%.

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 159,080 shares of the financial services provider's stock, valued at approximately $8,422,000. Synchrony Financial comprises 0.6% of Campbell & CO Investment Adviser LLC's investment portfolio, making the stock its 4th largest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantitative Investment Management LLC boosted its stake in Synchrony Financial by 11.7% during the 1st quarter. Quantitative Investment Management LLC now owns 13,148 shares of the financial services provider's stock valued at $696,000 after purchasing an additional 1,376 shares during the last quarter. Jump Financial LLC boosted its stake in Synchrony Financial by 2,619.4% during the 1st quarter. Jump Financial LLC now owns 208,117 shares of the financial services provider's stock valued at $11,018,000 after purchasing an additional 200,464 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Synchrony Financial by 65.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 4,878 shares of the financial services provider's stock valued at $256,000 after purchasing an additional 1,938 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Synchrony Financial by 1.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 20,563 shares of the financial services provider's stock valued at $1,089,000 after purchasing an additional 310 shares during the last quarter. Finally, Groupe la Francaise boosted its stake in shares of Synchrony Financial by 35.5% in the 1st quarter. Groupe la Francaise now owns 1,236 shares of the financial services provider's stock worth $67,000 after buying an additional 324 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Performance

Shares of NYSE:SYF traded down $0.08 during mid-day trading on Friday, reaching $76.50. The company had a trading volume of 937,852 shares, compared to its average volume of 4,008,201. 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 firm has a market cap of $28.46 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.75 and a beta of 1.49. The company's 50-day moving average price is $70.16 and its 200-day moving average price is $60.67. Synchrony Financial has a one year low of $40.54 and a one year high of $77.15.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 EPS for the quarter, topping 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 net margin of 14.43% and a return on equity of 21.34%. Synchrony Financial's revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial's payout ratio is 14.56%.

Insider Buying and Selling

In related news, insider Darrell Owens sold 600 shares of Synchrony Financial 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 sale, the insider owned 21,372 shares of the company's stock, valued at approximately $1,452,227.40. The trade was a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Curtis Howse sold 11,380 shares of Synchrony Financial stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the sale, the insider directly owned 108,062 shares in the company, valued at $7,024,030. This trade represents a 9.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,494 shares of company stock valued at $1,376,450. 0.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SYF. Truist Financial boosted their target price on Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Morgan Stanley boosted their target price on Synchrony Financial from $48.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. JMP Securities boosted their target price on Synchrony Financial from $68.00 to $77.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 17th. BTIG Research upgraded Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their target price on Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Twelve research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.05.

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.