Interval Partners LP Sells 90,365 Shares of Synchrony Financial $SYF

Key Points

• Interval Partners LP reduced its stake in Synchrony Financial by 73.9%, selling 90,365 shares during the first quarter and now holding 31,920 shares worth approximately $1.69 million.
• Recent analyst ratings show a consensus "Moderate Buy" with an average price target of $74.05, with JMP Securities raising their target from $68.00 to $77.00.
• Synchrony Financial reported earnings of $2.50 per share for the last quarter, significantly exceeding the analysts' expectations of $1.72, although revenues decreased 1.8% year-over-year.

Interval Partners LP decreased its position in Synchrony Financial (NYSE:SYF - Free Report) by 73.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,920 shares of the financial services provider's stock after selling 90,365 shares during the quarter. Interval Partners LP's holdings in Synchrony Financial were worth $1,690,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SYF. Zions Bancorporation National Association UT bought a new position in Synchrony Financial in the first quarter worth $30,000. MAI Capital Management raised its holdings in Synchrony Financial by 36.3% in the first quarter. MAI Capital Management now owns 627 shares of the financial services provider's stock worth $33,000 after purchasing an additional 167 shares in the last quarter. Headlands Technologies LLC bought a new position in Synchrony Financial in the first quarter worth $34,000. CVA Family Office LLC raised its holdings in Synchrony Financial by 355.9% in 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 in the last quarter. Finally, TCTC Holdings LLC raised its holdings in Synchrony Financial by 89.0% in 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 in the last quarter. Institutional investors own 96.48% of the company's stock.

Insider Activity

In other news, insider Curtis Howse sold 11,380 shares of Synchrony Financial stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the transaction, the insider directly owned 108,062 shares of the company's stock, valued at $7,024,030. The trade was a 9.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $595,980.00. Following the transaction, the insider directly owned 68,588 shares in the company, valued at approximately $4,801,160. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,494 shares of company stock valued at $1,376,450 in the last ninety days. Corporate insiders own 0.33% of the company's stock.

Synchrony Financial Stock Performance

NYSE:SYF traded up $0.98 on Tuesday, hitting $76.12. The stock had a trading volume of 2,150,014 shares, compared to its average volume of 3,960,529. The stock has a market cap of $28.32 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.76 and a beta of 1.48. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The business's 50-day simple moving average is $71.70 and its two-hundred day simple moving average is $61.18. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $77.41.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.78. The business had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.71 billion. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial's payout ratio is presently 14.56%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SYF. Redburn Atlantic upgraded Synchrony Financial to a "hold" rating in a report on Friday, August 1st. Wells Fargo & Company raised their price target on Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Morgan Stanley raised their price target on Synchrony Financial from $48.00 to $70.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Rothschild & Co Redburn initiated coverage on Synchrony Financial in a research report on Friday, August 1st. They set a "neutral" rating and a $72.00 price objective on the stock. Finally, JMP Securities increased their price objective on Synchrony Financial from $68.00 to $77.00 and gave the company a "market outperform" rating in a research report on Thursday, July 17th. Twelve 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 an average rating of "Moderate Buy" and a consensus price target of $74.05.

Synchrony Financial Company 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.