J. Safra Sarasin Holding AG Sells 17,294 Shares of Synchrony Financial $SYF

Key Points

• J. Safra Sarasin Holding AG sold 17,294 shares of Synchrony Financial, reducing its stake by 30.2% to 39,952 shares, valued at approximately $2.67 million.
• Synchrony Financial reported an earnings per share (EPS) of $2.50 for the last quarter, exceeding analysts' estimates of $1.72, despite a year-over-year revenue decline of 1.8%.
• The company recently announced a quarterly dividend of $0.30 per share, providing a yield of 1.7% with a payout ratio of 14.56%.

J. Safra Sarasin Holding AG cut its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 30.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,952 shares of the financial services provider's stock after selling 17,294 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Synchrony Financial were worth $2,666,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new position in shares of Synchrony Financial during the first quarter valued at $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of 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 acquiring an additional 455 shares during the period. MAI Capital Management lifted its holdings in shares of 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 acquiring an additional 167 shares during the period. Headlands Technologies LLC bought a new position in shares of Synchrony Financial during the first quarter valued at $34,000. Finally, CVA Family Office LLC lifted its holdings in shares of 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 acquiring an additional 541 shares during the period. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Price Performance

Shares of SYF stock opened at $71.24 on Friday. The stock has a 50-day moving average price of $73.21 and a 200 day moving average price of $63.53. 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 firm has a market cap of $26.50 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.71 and a beta of 1.50. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $77.41.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.78. The firm had revenue of $3.65 billion during 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 company's revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. Research analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial's dividend payout ratio (DPR) is 14.56%.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $67.95, for a total transaction of $40,770.00. Following the transaction, the insider owned 21,372 shares in the company, valued at approximately $1,452,227.40. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the firm's 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 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 disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on SYF shares. Rothschild & Co Redburn started coverage on Synchrony Financial in a research note on Friday, August 1st. They issued a "neutral" rating and a $72.00 target price for the company. BTIG Research upgraded Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Monday, July 14th. Evercore ISI raised their target price on Synchrony Financial from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Tuesday. Morgan Stanley raised their target price on Synchrony Financial from $72.00 to $82.00 and gave the company an "equal weight" rating in a research note on Monday, September 29th. Finally, Keefe, Bruyette & Woods raised their target price on Synchrony Financial from $82.00 to $86.00 and gave the company an "outperform" rating in a research note on Wednesday. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $76.68.

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.

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