Synchrony Financial (NYSE:SYF) Stock Holdings Lifted by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. increased its holdings in Synchrony Financial by 27.4%, owning a total of 44,042 shares worth $2,332,000 at the end of the first quarter.
• Synchrony Financial's recent quarterly earnings report showed $2.50 earnings per share, exceeding consensus estimates by $0.78, despite a 1.8% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.30, which translates to an annualized dividend of $1.20 and a yield of 1.71%.

Foster & Motley Inc. lifted its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 27.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 44,042 shares of the financial services provider's stock after buying an additional 9,466 shares during the period. Foster & Motley Inc.'s holdings in Synchrony Financial were worth $2,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Accredited Wealth Management LLC purchased a new position in shares of Synchrony Financial during the fourth quarter valued at approximately $38,000. CVA Family Office LLC raised its stake 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 worth $37,000 after purchasing an additional 541 shares during the period. TCTC Holdings LLC raised its stake in Synchrony Financial by 89.0% during the first quarter. TCTC Holdings LLC now owns 788 shares of the financial services provider's stock worth $42,000 after purchasing an additional 371 shares during the period. Rothschild Investment LLC raised its stake in Synchrony Financial by 55.6% during the first quarter. Rothschild Investment LLC now owns 862 shares of the financial services provider's stock worth $46,000 after purchasing an additional 308 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in Synchrony Financial by 503.7% during the first quarter. Golden State Wealth Management LLC now owns 972 shares of the financial services provider's stock worth $51,000 after purchasing an additional 811 shares during the period. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Down 3.2%

SYF traded down $2.24 during trading hours on Friday, reaching $67.43. 5,021,678 shares of the stock traded hands, compared to its average volume of 3,300,371. The firm's fifty day simple moving average is $65.44 and its two-hundred day simple moving average is $60.21. The company has a market cap of $25.09 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.69 and a beta of 1.49. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $73.76. 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 announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.78. The company had revenue of $3.65 billion during 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 firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. As a group, analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, August 5th. Synchrony Financial's dividend payout ratio (DPR) is currently 14.56%.

Insider Buying and Selling at Synchrony Financial

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SYF. Wall Street Zen raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Truist Financial increased their price target on shares of Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Royal Bank Of Canada increased their price target on shares of Synchrony Financial from $75.00 to $78.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company raised their target price on shares of Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Barclays cut their target price on shares of Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $74.05.

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.