Dynamic Technology Lab Private Ltd Acquires 6,464 Shares of Synchrony Financial $SYF

Key Points

• Dynamic Technology Lab Private Ltd boosted its stake in Synchrony Financial by 23.2% in the 1st quarter, owning 34,283 shares valued at approximately $1.8 million.
• Wall Street analysts have provided a consensus rating of "Moderate Buy" for Synchrony Financial, with a target price averaging $74.05, as twelve analysts rated it as a Buy and eight as Hold.
• Synchrony Financial recently announced a quarterly dividend of $0.30 per share, which translates to an annualized payout of $1.20 with a yield of 1.6%.

Dynamic Technology Lab Private Ltd boosted its position in Synchrony Financial (NYSE:SYF - Free Report) by 23.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,283 shares of the financial services provider's stock after buying an additional 6,464 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Synchrony Financial were worth $1,815,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. UniSuper Management Pty Ltd raised its holdings in shares of Synchrony Financial by 13.4% in the first quarter. UniSuper Management Pty Ltd now owns 46,506 shares of the financial services provider's stock valued at $2,462,000 after purchasing an additional 5,494 shares during the last quarter. Petrus Trust Company LTA grew its position in Synchrony Financial by 36.4% in the first quarter. Petrus Trust Company LTA now owns 14,987 shares of the financial services provider's stock valued at $793,000 after purchasing an additional 4,000 shares in the last quarter. NewEdge Advisors LLC grew its position in Synchrony Financial by 8.9% in the first quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider's stock valued at $439,000 after purchasing an additional 679 shares in the last quarter. Alliancebernstein L.P. increased its stake in Synchrony Financial by 12.7% in the 1st quarter. Alliancebernstein L.P. now owns 717,722 shares of the financial services provider's stock valued at $37,996,000 after buying an additional 81,161 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Synchrony Financial by 1.3% during 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 in the last quarter. Institutional investors own 96.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SYF shares. Redburn Atlantic upgraded Synchrony Financial to a "hold" rating in a report on Friday, August 1st. Truist Financial raised their price target on Synchrony Financial from $68.00 to $76.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Wells Fargo & Company boosted their price target on Synchrony Financial from $75.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Morgan Stanley upped their price objective 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. Finally, Barclays cut their price objective on Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.05.

Insiders Place Their Bets

In related news, insider Darrell Owens sold 600 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $67.95, for a total value of $40,770.00. Following the completion of the sale, the insider directly owned 21,372 shares in the company, valued at $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 is available through the SEC website. Also, insider Curtis Howse sold 11,380 shares of the stock in a transaction on 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 owned 108,062 shares in the company, valued at $7,024,030. The trade was a 9.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,494 shares of company stock worth $1,376,450 over the last three months. Insiders own 0.33% of the company's stock.

Synchrony Financial Stock Performance

SYF stock traded up $0.98 during midday trading on Tuesday, reaching $76.12. 2,150,014 shares of the company were exchanged, compared to its average volume of 2,593,637. Synchrony Financial has a one year low of $40.54 and a one year high of $77.41. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.75 and a beta of 1.49. The business has a 50-day moving average price of $71.86 and a two-hundred day moving average price of $61.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24.

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 for the quarter, beating the consensus estimate of $1.72 by $0.78. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The company's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. Equities research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued 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 currently 14.56%.

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.