Caxton Associates LLP Purchases New Holdings in Synchrony Financial $SYF

Key Points

• Caxton Associates LLP invested approximately $3.49 million in Synchrony Financial, acquiring 65,990 shares during the 1st quarter.
• Multiple institutional investors have increased their stakes in Synchrony Financial, with 96.48% of the company's stock now owned by such investors.
• Synchrony Financial recently raised its average price target to $74.05, with ratings ranging from "Buy" to "Hold" by various brokerages.

Caxton Associates LLP bought a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 65,990 shares of the financial services provider's stock, valued at approximately $3,494,000.

Several other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Synchrony Financial by 30.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 73,136 shares of the financial services provider's stock valued at $3,895,000 after purchasing an additional 17,061 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Synchrony Financial during the 1st quarter worth about $11,506,000. BTC Capital Management Inc. raised its stake in shares of Synchrony Financial by 25.9% during the 1st quarter. BTC Capital Management Inc. now owns 65,835 shares of the financial services provider's stock worth $3,485,000 after purchasing an additional 13,526 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Synchrony Financial by 70.2% during the 1st quarter. Merit Financial Group LLC now owns 10,657 shares of the financial services provider's stock worth $564,000 after purchasing an additional 4,397 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Synchrony Financial by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 236,967 shares of the financial services provider's stock worth $12,545,000 after purchasing an additional 5,765 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Price Performance

SYF traded down $1.25 during trading on Wednesday, hitting $74.82. The company's stock had a trading volume of 5,270,140 shares, compared to its average volume of 2,475,310. The firm's 50 day moving average price is $71.97 and its two-hundred day moving average price is $61.38. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $77.41. The stock has a market capitalization of $27.84 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 0.76 and a beta of 1.49.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (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 the consensus estimate 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 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

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 dividend of $0.30 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Synchrony Financial's payout ratio is presently 14.56%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SYF. BTIG Research raised Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Monday, July 14th. Rothschild & Co Redburn initiated coverage on Synchrony Financial in a report on Friday, August 1st. They issued a "neutral" rating and a $72.00 target price on the stock. Wall Street Zen lowered Synchrony Financial from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. raised their target price on Synchrony Financial from $52.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Barclays lowered their target price on Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Twelve equities research 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $74.05.

Insider Activity at Synchrony Financial

In other news, insider Darrell Owens sold 600 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $67.95, for a total transaction of $40,770.00. Following the completion of the transaction, the insider directly owned 21,372 shares of the company's stock, valued at $1,452,227.40. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Curtis Howse sold 11,380 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total value of $739,700.00. Following the transaction, the insider directly owned 108,062 shares of the company's stock, valued at $7,024,030. This represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,494 shares of company stock worth $1,376,450. 0.32% of the stock is owned by insiders.

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.