Jones Financial Companies Lllp Raises Stock Holdings in Synchrony Financial $SYF

Key Points

• Jones Financial Companies Lllp increased its stake in Synchrony Financial by 511.6% in the first quarter, holding a total of 67,638 shares valued at approximately $3.58 million.
• Synchrony Financial reported $2.50 EPS in its latest quarterly earnings, surpassing analysts' expectations of $1.72, although revenue fell short of estimates at $3.65 billion.
• The company also announced a quarterly dividend of $0.30, representing an annualized yield of 1.6%, with a low dividend payout ratio of 14.56%.

Jones Financial Companies Lllp boosted its stake in Synchrony Financial (NYSE:SYF - Free Report) by 511.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,638 shares of the financial services provider's stock after purchasing an additional 56,579 shares during the quarter. Jones Financial Companies Lllp's holdings in Synchrony Financial were worth $3,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in shares of Synchrony Financial in the 1st quarter worth $30,000. MAI Capital Management increased its stake in Synchrony Financial by 36.3% in 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 last quarter. Headlands Technologies LLC purchased a new stake in Synchrony Financial during the first quarter valued at about $34,000. CVA Family Office LLC lifted 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 last quarter. Finally, TCTC Holdings LLC increased its position in shares of Synchrony Financial by 89.0% during the 1st quarter. TCTC Holdings LLC now owns 788 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 371 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Insider Transactions at Synchrony Financial

In related news, insider Curtis Howse sold 11,380 shares of Synchrony Financial stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total value of $739,700.00. Following the sale, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction 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. In the last three months, insiders have sold 20,494 shares of company stock worth $1,376,450. 0.32% of the stock is currently owned by insiders.

Synchrony Financial Trading Down 1.6%

Shares of SYF opened at $74.82 on Thursday. The stock has a market capitalization of $27.84 billion, a P/E ratio of 9.08, a PEG ratio of 0.76 and a beta of 1.49. 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 fifty day simple moving average of $71.97 and a two-hundred day simple moving average of $61.38. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.41.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.78. The firm had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm 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 annualized dividend and a yield of 1.6%. Synchrony Financial's dividend payout ratio (DPR) is 14.56%.

Wall Street Analyst Weigh In

SYF has been the subject of a number of recent research reports. Barclays dropped their target price on Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price objective on shares of Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Rothschild & Co Redburn initiated coverage on shares of Synchrony Financial in a research report on Friday, August 1st. They set a "neutral" rating and a $72.00 price target for the company. Finally, Wall Street Zen lowered shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Twelve analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.

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