Deutsche Bank AG Has $1.54 Million Stock Holdings in TD SYNNEX Corporation $SNX

Key Points

• Deutsche Bank AG significantly reduced its stake in TD SYNNEX Corporation by 73.1%, holding 14,812 shares valued at $1.54 million after selling 40,329 shares in the first quarter.
• Multiple institutional investors also adjusted their positions in TD SYNNEX, with ownership by institutional investors now at 84.00% of the company's stock.
• TD SYNNEX's recent earnings report showed an EPS of $2.99, surpassing analyst estimates, with revenue rising 7.2% year-over-year, and the company announced a quarterly dividend of $0.44 per share.

Deutsche Bank AG decreased its stake in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 73.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,812 shares of the business services provider's stock after selling 40,329 shares during the period. Deutsche Bank AG's holdings in TD SYNNEX were worth $1,540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ellevest Inc. lifted its position in shares of TD SYNNEX by 3.9% during the fourth quarter. Ellevest Inc. now owns 2,384 shares of the business services provider's stock worth $280,000 after purchasing an additional 90 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in TD SYNNEX by 1.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider's stock worth $630,000 after buying an additional 94 shares in the last quarter. Utah Retirement Systems boosted its position in TD SYNNEX by 2.5% in the 4th quarter. Utah Retirement Systems now owns 4,100 shares of the business services provider's stock valued at $481,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of TD SYNNEX by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider's stock valued at $1,873,000 after buying an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of TD SYNNEX by 0.5% during the first quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the business services provider's stock worth $2,194,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on SNX. Loop Capital lifted their price objective on TD SYNNEX from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Bank of America lifted their price target on shares of TD SYNNEX from $156.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of TD SYNNEX from $143.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Barrington Research reaffirmed an "outperform" rating and issued a $156.00 price objective on shares of TD SYNNEX in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded shares of TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $151.30.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, CFO Marshall Witt sold 1,509 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $125.35, for a total value of $189,153.15. Following the transaction, the chief financial officer owned 49,563 shares of the company's stock, valued at approximately $6,212,722.05. The trade was a 2.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alim Dhanji sold 1,257 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $142.41, for a total transaction of $179,009.37. Following the sale, the insider directly owned 10,984 shares of the company's stock, valued at $1,564,231.44. This represents a 10.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,888 shares of company stock valued at $9,115,025. Corporate insiders own 1.00% of the company's stock.

TD SYNNEX Trading Up 3.7%

Shares of NYSE SNX opened at $149.8510 on Friday. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.18 and a beta of 1.32. TD SYNNEX Corporation has a twelve month low of $92.23 and a twelve month high of $153.70. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 0.45. The company's fifty day moving average is $141.12 and its 200-day moving average is $128.66.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.28. The firm had revenue of $14.95 billion during the quarter, compared to analysts' expectations of $14.30 billion. TD SYNNEX had a return on equity of 11.58% and a net margin of 1.21%.The company's revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.73 earnings per share. TD SYNNEX has set its Q3 2025 guidance at 2.750-3.250 EPS. Equities research analysts predict that TD SYNNEX Corporation will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, July 11th. TD SYNNEX's dividend payout ratio (DPR) is 20.56%.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.

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