Free Trial

Federated Hermes Inc. Acquires 454,640 Shares of Synchrony Financial (NYSE:SYF)

Synchrony Financial logo with Finance background

Key Points

  • Federated Hermes Inc. significantly increased its stake in Synchrony Financial by 543.5%, owning over 538,000 shares valued at approximately $28.5 million after purchasing additional shares.
  • Analysts have positive outlooks for Synchrony Financial, with several raising their target prices, resulting in an average target of $74.17 and a consensus rating of “Moderate Buy.”
  • Synchrony Financial announced a quarterly dividend of $0.30 per share, with an annual yield of 1.7%, set to be paid on August 15th.
  • MarketBeat previews top five stocks to own in September.

Federated Hermes Inc. lifted its stake in Synchrony Financial (NYSE:SYF - Free Report) by 543.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 538,284 shares of the financial services provider's stock after buying an additional 454,640 shares during the period. Federated Hermes Inc. owned about 0.14% of Synchrony Financial worth $28,497,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Synchrony Financial by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 9,963,573 shares of the financial services provider's stock valued at $650,678,000 after purchasing an additional 205,641 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Synchrony Financial by 6.5% during the first quarter. Allianz Asset Management GmbH now owns 5,868,022 shares of the financial services provider's stock valued at $310,653,000 after purchasing an additional 358,708 shares in the last quarter. Northern Trust Corp boosted its holdings in Synchrony Financial by 26.7% during the fourth quarter. Northern Trust Corp now owns 5,183,717 shares of the financial services provider's stock valued at $336,942,000 after purchasing an additional 1,093,922 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Synchrony Financial by 9.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,576,854 shares of the financial services provider's stock valued at $297,496,000 after purchasing an additional 382,194 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Synchrony Financial by 15.1% during the fourth quarter. Ameriprise Financial Inc. now owns 3,602,422 shares of the financial services provider's stock valued at $234,157,000 after purchasing an additional 471,958 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 40,639 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $60.07, for a total transaction of $2,441,184.73. Following the sale, the insider owned 146,628 shares in the company, valued at approximately $8,807,943.96. This trade represents a 21.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Curtis Howse sold 11,380 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the sale, the insider owned 108,062 shares in the company, valued at $7,024,030. This represents a 9.53% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

Synchrony Financial Stock Performance

SYF traded down $2.24 on Friday, reaching $67.43. The company had a trading volume of 5,021,678 shares, compared to its average volume of 3,300,371. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $73.76. The stock has a market cap of $25.09 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.69 and a beta of 1.49. The company's fifty day moving average is $65.23 and its 200 day moving average is $60.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 previous year, the firm posted $1.55 EPS. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, August 5th. Synchrony Financial's dividend payout ratio is presently 14.56%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SYF. Rothschild & Co Redburn began coverage on shares of Synchrony Financial in a research note on Friday. They issued a "neutral" rating and a $72.00 target price for the company. Royal Bank Of Canada lifted their target price on shares of Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of Synchrony Financial from $52.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Wells Fargo & Company raised their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, JMP Securities raised their price target 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. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.05.

Get Our Latest Report on Synchrony Financial

Synchrony Financial Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

Should You Invest $1,000 in Synchrony Financial Right Now?

Before you consider Synchrony Financial, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Synchrony Financial wasn't on the list.

While Synchrony Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines