Financiere des Professionnels Fonds d investissement inc. Makes New Investment in Synchrony Financial $SYF

Key Points

• Financiere des Professionnels Fonds d investissement inc. has acquired a new stake in Synchrony Financial, purchasing 31,878 shares worth approximately $2,128,000 in Q2.
• Multiple institutional investors, including Vanguard Group and Ameriprise Financial, have increased their holdings in Synchrony Financial, indicating strong institutional interest with 96.48% overall ownership by such investors.
• Recent earnings reports showed Synchrony Financial beat analysts' EPS estimates of $1.72 with $2.50 per share, despite a decline in quarterly revenue compared to the previous year.

Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 31,878 shares of the financial services provider's stock, valued at approximately $2,128,000.

A number of other hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new position in shares of Synchrony Financial in the 1st quarter worth about $30,000. Geneos Wealth Management Inc. lifted its holdings in Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 455 shares during the last quarter. MAI Capital Management lifted its holdings in Synchrony Financial by 36.3% during the first quarter. MAI Capital Management now owns 627 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 167 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Synchrony Financial during the first quarter valued at about $34,000. Finally, CVA Family Office LLC lifted its holdings in Synchrony Financial by 355.9% during the first quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 541 shares during the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction dated 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 in the company, valued at approximately $4,801,160. This trade represents a 11.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis Howse sold 11,380 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total value of $739,700.00. Following the completion of the transaction, the insider directly owned 108,062 shares in the company, valued at $7,024,030. The trade was a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,494 shares of company stock worth $1,376,450. 0.32% of the stock is owned by corporate insiders.

Synchrony Financial Trading Up 0.0%

SYF stock traded up $0.03 on Friday, reaching $76.56. The company's stock had a trading volume of 8,186,388 shares, compared to its average volume of 2,819,531. The business has a fifty day simple moving average of $72.74 and a two-hundred day simple moving average of $62.18. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $77.41. The firm has a market cap of $28.48 billion, a PE ratio of 9.29, a PEG ratio of 0.77 and a beta of 1.49. 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, topping analysts' consensus estimates of $1.72 by $0.78. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.71 billion. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors 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 was Tuesday, August 5th. Synchrony Financial's dividend payout ratio (DPR) is presently 14.56%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial upped their price objective on shares of Synchrony Financial from $68.00 to $76.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Morgan Stanley upped their price target on Synchrony Financial from $48.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. 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 report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group upped their price target on Synchrony Financial from $70.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Twelve analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Synchrony Financial has a consensus rating of "Moderate Buy" and an average price target of $73.79.

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.