Freedom Investment Management Inc. Invests $397,000 in Synchrony Financial $SYF

Key Points

• Freedom Investment Management Inc. has acquired a new stake in Synchrony Financial, purchasing 7,491 shares valued at approximately $397,000 during the first quarter.
• Multiple institutional investors increased their positions in Synchrony Financial in the fourth quarter, with Quarry LP raising its stake by 72.2% and Northern Trust Corp increasing their stake by 26.7%.
• Synchrony Financial has announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 1.6% and a payout ratio of 14.56%.

Freedom Investment Management Inc. purchased a new position in Synchrony Financial (NYSE:SYF - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,491 shares of the financial services provider's stock, valued at approximately $397,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP lifted its holdings in shares of Synchrony Financial by 72.2% in the 4th quarter. Quarry LP now owns 1,548 shares of the financial services provider's stock valued at $101,000 after buying an additional 649 shares during the period. Northern Trust Corp grew its stake in shares of Synchrony Financial by 26.7% during the 4th quarter. Northern Trust Corp now owns 5,183,717 shares of the financial services provider's stock worth $336,942,000 after purchasing an additional 1,093,922 shares during the period. AdvisorShares Investments LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $468,000. Schonfeld Strategic Advisors LLC grew its stake in shares of Synchrony Financial by 105.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 180,548 shares of the financial services provider's stock worth $11,736,000 after purchasing an additional 92,705 shares during the period. Finally, Voleon Capital Management LP acquired a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $1,656,000. Institutional investors and hedge funds own 96.48% of the company's stock.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 8,514 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $595,980.00. Following the transaction, the insider owned 68,588 shares in the company, valued at approximately $4,801,160. This trade represents a 11.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Darrell Owens sold 600 shares of Synchrony Financial 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 transaction, the insider owned 21,372 shares in the company, valued at approximately $1,452,227.40. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,494 shares of company stock worth $1,376,450. Corporate insiders own 0.33% of the company's stock.

Synchrony Financial Price Performance

Synchrony Financial stock traded down $0.15 during trading on Monday, reaching $76.43. The company had a trading volume of 2,404,313 shares, compared to its average volume of 3,049,138. The firm's 50-day simple moving average is $70.44 and its 200 day simple moving average is $60.70. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $77.15. The firm has a market capitalization of $28.44 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.76 and a beta of 1.48. 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 announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 21.34% and a net margin of 14.43%.The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a $0.30 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Synchrony Financial's dividend payout ratio (DPR) is presently 14.56%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective 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. Redburn Atlantic raised shares of Synchrony Financial to a "hold" rating in a research note on Friday, August 1st. Truist Financial raised their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, Barclays dropped their price target 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. Twelve equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Synchrony Financial presently has an average rating of "Moderate Buy" and a consensus price target of $74.05.

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.