FCG Investment Co Sells 6,176 Shares of Synchrony Financial $SYF

Key Points

• FCG Investment Co has reduced its holdings in Synchrony Financial by 28.1%, selling 6,176 shares and now owning 15,835 shares valued at approximately $1,057,000.
• Insiders have notably sold large amounts of Synchrony Financial stock, with one insider selling 600 shares for $40,770 and another selling 8,514 shares for $595,980, indicating a potential shift in their investment strategies.
• Analysts have varied recommendations for Synchrony Financial, with price targets ranging from $72.00 to $88.00, while the consensus rating suggests a "Moderate Buy" for the stock.

FCG Investment Co lowered its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 28.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,835 shares of the financial services provider's stock after selling 6,176 shares during the period. FCG Investment Co's holdings in Synchrony Financial were worth $1,057,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SYF. MAI Capital Management lifted its position in Synchrony Financial by 36.3% in the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider's stock worth $33,000 after buying an additional 167 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of Synchrony Financial by 0.8% during the first quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider's stock worth $1,366,000 after acquiring an additional 197 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of Synchrony Financial by 3.7% in the 1st quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider's stock worth $295,000 after acquiring an additional 198 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Synchrony Financial by 2.6% in the 1st quarter. Synovus Financial Corp now owns 9,223 shares of the financial services provider's stock valued at $488,000 after purchasing an additional 230 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in shares of Synchrony Financial by 3.0% during the 2nd quarter. Wedmont Private Capital now owns 8,402 shares of the financial services provider's stock valued at $589,000 after purchasing an additional 241 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Synchrony Financial

In other news, insider Darrell Owens sold 600 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were 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 of the company's stock, valued at approximately $1,452,227.40. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction dated Tuesday, August 5th. The shares were 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 in the company, valued at $4,801,160. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SYF has been the subject of several recent research reports. Bank of America boosted their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. Rothschild & Co Redburn started coverage on Synchrony Financial in a report on Friday, August 1st. They issued a "neutral" rating and a $72.00 price objective on the stock. Wells Fargo & Company boosted their target price on Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. JMP Securities raised their price target on Synchrony Financial from $77.00 to $88.00 and gave the stock a "market outperform" rating in a research report on Thursday. Finally, Barclays decreased their price target on Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Synchrony Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.37.

Synchrony Financial Trading Down 0.5%

SYF opened at $74.27 on Friday. Synchrony Financial has a one year low of $40.54 and a one year high of $77.41. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50 day simple moving average of $73.15 and a two-hundred day simple moving average of $62.75. The firm has a market capitalization of $27.63 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.75 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 for the quarter, topping analysts' consensus estimates of $1.72 by $0.78. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the company earned $1.55 EPS. The business's quarterly revenue was down 1.8% compared to the same quarter last year. Synchrony Financial has set its FY 2025 guidance at EPS. Analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

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

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