Dupree Financial Group LLC Takes Position in Synchrony Financial $SYF

Key Points

• Dupree Financial Group LLC has acquired a new position in Synchrony Financial, purchasing 106,391 shares valued at approximately $7.1 million, making it the firm's 11th largest holding.
• Synchrony Financial announced a $1 billion stock buyback plan that allows the company to repurchase up to 3.7% of its shares, indicating confidence in the stock's undervaluation.
• The company's recent earnings report showed an EPS of $2.86, exceeding analysts' expectations, and it reported revenue of $3.82 billion, reflecting a year-over-year growth.

Dupree Financial Group LLC bought a new position in Synchrony Financial (NYSE:SYF - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 106,391 shares of the financial services provider's stock, valued at approximately $7,101,000. Synchrony Financial accounts for about 2.8% of Dupree Financial Group LLC's holdings, making the stock its 11th biggest holding.

Several other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its stake in shares of Synchrony Financial by 30.4% during the first 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 in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Synchrony Financial in the 1st quarter worth approximately $11,506,000. AQR Capital Management LLC grew its stake in shares of Synchrony Financial by 1.3% in the 1st quarter. AQR Capital Management LLC now owns 4,020,839 shares of the financial services provider's stock worth $206,711,000 after buying an additional 50,162 shares during the last quarter. Envestnet Asset Management Inc. increased its position in 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 valued at $12,545,000 after buying an additional 5,765 shares in the last quarter. Finally, Kathmere Capital Management LLC raised its stake in Synchrony Financial by 44.0% during the first quarter. Kathmere Capital Management LLC now owns 12,585 shares of the financial services provider's stock valued at $666,000 after buying an additional 3,844 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Darrell Owens sold 600 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $67.95, for a total transaction of $40,770.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $595,980.00. Following the completion of the sale, the insider directly owned 68,588 shares of the company's stock, valued at $4,801,160. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Synchrony Financial Price Performance

SYF opened at $72.21 on Tuesday. The company's 50-day simple moving average is $73.48 and its two-hundred day simple moving average is $65.08. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $26.86 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.74 and a beta of 1.50. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $77.41.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.64. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.79 billion. Synchrony Financial had a net margin of 15.84% and a return on equity of 22.96%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial announced that its board has approved a stock buyback plan on Wednesday, October 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 3.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

SYF has been the topic of a number of recent research reports. JMP Securities increased their target price on Synchrony Financial from $77.00 to $88.00 and gave the stock a "market outperform" rating in a research note on Thursday, September 25th. Rothschild & Co Redburn assumed coverage on shares of Synchrony Financial in a research note on Friday, August 1st. They issued a "neutral" rating and a $72.00 price target on the stock. Evercore ISI raised their price objective on shares of Synchrony Financial from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Barclays upped their target price on shares of Synchrony Financial from $83.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, October 16th. Finally, Morgan Stanley increased their price target on shares of Synchrony Financial from $72.00 to $82.00 and gave the company an "equal weight" rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Synchrony Financial presently has an average rating of "Moderate Buy" and a consensus price target of $81.38.

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.

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