Credit Agricole S A Sells 11,207 Shares of Synchrony Financial $SYF

Key Points

• Credit Agricole S A reduced its stake in Synchrony Financial by selling 11,207 shares, reflecting a 3.9% decrease, and now holds 0.07% of the company's stock valued at approximately $14.8 million.
• The company reported a quarterly EPS of $2.50, exceeding analysts' estimates, although revenue was down 1.8% year-over-year.
• Synchrony Financial announced a quarterly dividend of $0.30 per share, representing an annualized yield of 1.7% and a payout ratio of 14.56%.

Credit Agricole S A trimmed its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 279,781 shares of the financial services provider's stock after selling 11,207 shares during the period. Credit Agricole S A owned approximately 0.07% of Synchrony Financial worth $14,812,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SYF. NewEdge Advisors LLC lifted its position in shares of Synchrony Financial by 10.3% during the fourth quarter. NewEdge Advisors LLC now owns 7,623 shares of the financial services provider's stock worth $496,000 after purchasing an additional 711 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Synchrony Financial by 0.3% during the fourth quarter. MetLife Investment Management LLC now owns 103,038 shares of the financial services provider's stock worth $6,697,000 after purchasing an additional 283 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Synchrony Financial by 68.5% during the fourth quarter. MML Investors Services LLC now owns 46,472 shares of the financial services provider's stock worth $3,021,000 after purchasing an additional 18,890 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Synchrony Financial by 4.1% during the fourth quarter. Stifel Financial Corp now owns 114,374 shares of the financial services provider's stock worth $7,434,000 after purchasing an additional 4,533 shares in the last quarter. Finally, Quantessence Capital LLC acquired a new position in shares of Synchrony Financial during the fourth quarter worth approximately $400,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Trading Up 2.7%

NYSE:SYF traded up $1.9350 during trading hours on Friday, hitting $73.1650. The stock had a trading volume of 3,104,450 shares, compared to its average volume of 3,253,413. Synchrony Financial has a one year low of $40.54 and a one year high of $74.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $27.22 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.74 and a beta of 1.49. The business's 50 day moving average is $69.01 and its 200-day moving average is $60.39.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its 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. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. The business's quarterly revenue was down 1.8% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

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

Insider Buying and Selling at Synchrony Financial

In other news, insider Darrell Owens sold 600 shares of the stock in a transaction 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 sale, the insider 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the stock in a transaction 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 sale, the insider directly owned 68,588 shares of the company's stock, valued at $4,801,160. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,494 shares of company stock valued at $1,376,450. Corporate insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SYF shares. Redburn Atlantic upgraded shares of Synchrony Financial to a "hold" rating in a research report on Friday, August 1st. JMP Securities increased their price objective on shares of Synchrony Financial from $68.00 to $77.00 and gave the company a "market outperform" rating in a report on Thursday, July 17th. Rothschild & Co Redburn began coverage on shares of Synchrony Financial in a report on Friday, August 1st. They issued a "neutral" rating and a $72.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Synchrony Financial from $48.00 to $70.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Truist Financial increased their price objective on shares of Synchrony Financial from $68.00 to $76.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Twelve equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average 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.