Jump Financial LLC Grows Holdings in Synchrony Financial $SYF

Key Points

• Jump Financial LLC significantly increased its stake in Synchrony Financial by 2,619.4% during Q1, owning approximately 208,117 shares valued at $11.02 million.
• Insider sales have occurred recently, with Brian J. Sr. Wenzel selling 8,514 shares and Curtis Howse selling 11,380 shares, decreasing their positions by 11.04% and 9.53% respectively.
• Analysts have set varying price targets for Synchrony Financial, with estimates ranging from $48.00 to $80.00, indicating a consensus average target price of $74.05.

Jump Financial LLC boosted its stake in Synchrony Financial (NYSE:SYF - Free Report) by 2,619.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,117 shares of the financial services provider's stock after purchasing an additional 200,464 shares during the period. Jump Financial LLC owned about 0.05% of Synchrony Financial worth $11,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Benjamin Edwards Inc. lifted its stake in shares of Synchrony Financial by 0.8% in the first quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider's stock valued at $1,366,000 after buying an additional 197 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Synchrony Financial by 3.7% during the first quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider's stock valued at $295,000 after purchasing an additional 198 shares in the last quarter. Gotham Asset Management LLC lifted its position in shares of Synchrony Financial by 2.0% during the fourth quarter. Gotham Asset Management LLC now owns 11,505 shares of the financial services provider's stock valued at $748,000 after purchasing an additional 226 shares in the last quarter. Invst LLC lifted its position in shares of Synchrony Financial by 1.2% during the fourth quarter. Invst LLC now owns 20,560 shares of the financial services provider's stock valued at $1,336,000 after purchasing an additional 239 shares in the last quarter. Finally, Perkins Coie Trust Co lifted its position in shares of Synchrony Financial by 12.0% during the first quarter. Perkins Coie Trust Co now owns 2,800 shares of the financial services provider's stock valued at $148,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Price Performance

SYF stock traded up $0.86 during midday trading on Thursday, reaching $76.62. The company had a trading volume of 2,365,109 shares, compared to its average volume of 4,027,387. 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 has a 1 year low of $40.54 and a 1 year high of $76.74. The company has a market capitalization of $28.51 billion, a P/E ratio of 9.30, a P/E/G ratio of 0.76 and a beta of 1.49. The firm has a 50-day moving average price of $69.85 and a 200-day moving average price of $60.59.

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 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 net margin of 14.43% and a return on equity of 21.34%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SYF shares. Royal Bank Of Canada raised their price target on shares of Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group lifted their price objective on shares of Synchrony Financial from $70.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Truist Financial lifted their price objective on shares of Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. BTIG Research raised shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research report on Monday, July 14th. 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 equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Synchrony Financial currently has a consensus rating of "Moderate Buy" and an average target price of $74.05.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $67.95, for a total transaction of $40,770.00. Following the transaction, the insider directly owned 21,372 shares of the company's stock, valued at approximately $1,452,227.40. The trade was a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 ninety days, insiders have sold 20,494 shares of company stock valued at $1,376,450. 0.32% of the stock is currently owned by company insiders.

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.