Kera Capital Partners Inc. Acquires Shares of 5,744 Synchrony Financial $SYF

Key Points

• Kera Capital Partners Inc. has acquired a new stake in Synchrony Financial, purchasing 5,744 shares valued at approximately $383,000.
• Insider transactions indicate activity, with key insiders selling shares; for instance, Darrell Owens sold 600 shares for about $40,770.
• Wall Street analysts' opinions vary, with Synchrony receiving a mix of ratings, including a recent downgrade to "hold" by Wall Street Zen, and a consensus price target of $73.79.

Kera Capital Partners Inc. bought a new position in Synchrony Financial (NYSE:SYF - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,744 shares of the financial services provider's stock, valued at approximately $383,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Synchrony Financial by 30.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 73,136 shares of the financial services provider's stock worth $3,895,000 after acquiring an additional 17,061 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of Synchrony Financial in the first quarter worth about $11,506,000. AQR Capital Management LLC increased its stake in shares of Synchrony Financial by 1.3% in the first quarter. AQR Capital Management LLC now owns 4,020,839 shares of the financial services provider's stock valued at $206,711,000 after buying an additional 50,162 shares during the period. BTC Capital Management Inc. increased its stake in shares of Synchrony Financial by 25.9% in the first quarter. BTC Capital Management Inc. now owns 65,835 shares of the financial services provider's stock valued at $3,485,000 after buying an additional 13,526 shares during the period. Finally, Merit Financial Group LLC increased its stake in shares of Synchrony Financial by 70.2% in the first quarter. Merit Financial Group LLC now owns 10,657 shares of the financial services provider's stock valued at $564,000 after buying an additional 4,397 shares during the period. Institutional investors own 96.48% of the company's stock.

Insider Buying and Selling

In related news, insider Curtis Howse sold 11,380 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total value of $739,700.00. Following the transaction, the insider directly owned 108,062 shares in the company, valued at $7,024,030. This trade represents a 9.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Darrell Owens sold 600 shares of the 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 completion of 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 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 worth $1,376,450 in the last ninety days. Corporate insiders own 0.32% of the company's stock.

Synchrony Financial Trading Up 0.0%

Shares of SYF stock traded up $0.01 during trading hours on Friday, hitting $76.54. 1,085,708 shares of the company were exchanged, compared to its average volume of 3,923,061. The firm has a market cap of $28.48 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.75 and a beta of 1.49. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $77.41. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50 day simple moving average of $72.62 and a two-hundred day simple moving average of $62.04.

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 the consensus estimate of $1.72 by $0.78. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The company's quarterly revenue 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. Equities analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently issued reports on SYF. Rothschild & Co Redburn began coverage on Synchrony Financial in a research note on Friday, August 1st. They issued a "neutral" rating and a $72.00 price objective for the company. Redburn Atlantic raised Synchrony Financial to a "hold" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their price objective on Synchrony Financial from $52.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Bank of America upped their price objective on Synchrony Financial from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, September 11th. Finally, Barclays decreased their target price on shares of Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Synchrony Financial presently has an average rating of "Moderate Buy" and a consensus target price of $73.79.

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.