Kovitz Investment Group Partners LLC Boosts Stake in Synchrony Financial $SYF

Kovitz Investment Group Partners LLC increased its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 416.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 72,774 shares of the financial services provider's stock after purchasing an additional 58,696 shares during the period. Kovitz Investment Group Partners LLC's holdings in Synchrony Financial were worth $3,853,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SYF. Vanguard Group Inc. lifted its stake in Synchrony Financial by 0.6% during the first quarter. Vanguard Group Inc. now owns 48,420,051 shares of the financial services provider's stock worth $2,563,358,000 after purchasing an additional 281,383 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Synchrony Financial by 6.5% during the 1st quarter. Allianz Asset Management GmbH now owns 5,868,022 shares of the financial services provider's stock worth $310,653,000 after acquiring an additional 358,708 shares in the last quarter. Invesco Ltd. boosted its holdings in Synchrony Financial by 13.7% during the 1st quarter. Invesco Ltd. now owns 5,858,422 shares of the financial services provider's stock valued at $310,145,000 after acquiring an additional 706,212 shares during the period. Northern Trust Corp grew its position in Synchrony Financial by 26.7% in the 4th quarter. Northern Trust Corp now owns 5,183,717 shares of the financial services provider's stock valued at $336,942,000 after acquiring an additional 1,093,922 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Synchrony Financial by 9.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,576,854 shares of the financial services provider's stock worth $297,496,000 after purchasing an additional 382,194 shares during the period. Institutional investors and hedge funds own 96.48% of the company's stock.

Insider Buying and Selling at Synchrony Financial

In other news, insider Darrell Owens sold 600 shares of the business's stock in a transaction that occurred 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 transaction, the insider 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider directly owned 108,062 shares of the company's stock, valued at approximately $7,024,030. This represents a 9.53% 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 worth $1,376,450. 0.32% of the stock is currently owned by insiders.

Synchrony Financial Stock Performance

NYSE:SYF traded up $0.0110 during trading hours on Wednesday, reaching $71.6010. 2,843,785 shares of the company's stock were exchanged, compared to its average volume of 3,489,267. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $73.76. 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 capitalization of $26.64 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 0.73 and a beta of 1.49. The company has a 50-day moving average of $68.35 and a 200 day moving average of $60.29.

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

Synchrony Financial Dividend Announcement

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 1.7%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial's dividend payout ratio (DPR) is presently 14.56%.

Analysts Set New Price Targets

SYF has been the subject of several recent research reports. BTIG Research raised shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research note on Monday, July 14th. Wall Street Zen raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. upped their price objective on Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Royal Bank Of Canada lifted their target price on Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Truist Financial boosted their target price on Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Twelve investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.05.

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.