Synchrony Financial $SYF Stock Position Reduced by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt reduced its stake in Synchrony Financial by 85.9%, selling 127,000 shares in the second quarter, leaving them with 20,812 shares valued at approximately $1.39 million.
• Synchrony Financial recently reported earnings of $2.50 per share, exceeding analyst expectations, but experienced a 1.8% decline in quarterly revenue compared to the previous year.
• The company announced a quarterly dividend of $0.30, representing a 1.6% yield, and has a payout ratio of 14.56%.

Livforsakringsbolaget Skandia Omsesidigt lessened its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 85.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,812 shares of the financial services provider's stock after selling 127,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Synchrony Financial were worth $1,389,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SYF. Nuveen LLC acquired a new stake in Synchrony Financial in the 1st quarter valued at approximately $175,294,000. Massachusetts Financial Services Co. MA increased its position in Synchrony Financial by 755.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,179,984 shares of the financial services provider's stock valued at $115,408,000 after acquiring an additional 1,925,217 shares during the period. Assetmark Inc. increased its position in Synchrony Financial by 129.5% in the 1st quarter. Assetmark Inc. now owns 3,051,160 shares of the financial services provider's stock valued at $161,528,000 after acquiring an additional 1,721,891 shares during the period. Khrom Capital Management LLC bought a new position in Synchrony Financial during the 1st quarter valued at $73,699,000. Finally, Ameriprise Financial Inc. boosted its stake in Synchrony Financial by 36.0% during the 1st quarter. Ameriprise Financial Inc. now owns 4,900,281 shares of the financial services provider's stock valued at $259,421,000 after purchasing an additional 1,297,859 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SYF shares. Morgan Stanley raised their price objective on Synchrony Financial from $48.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. The Goldman Sachs Group raised their target price on Synchrony Financial from $70.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded Synchrony Financial from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, Barclays dropped their price objective on Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.79.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $67.95, for a total transaction of $40,770.00. Following the completion of the sale, the insider directly owned 21,372 shares of the company's stock, valued at approximately $1,452,227.40. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $595,980.00. Following the sale, the insider directly owned 68,588 shares in the company, valued at $4,801,160. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,494 shares of company stock worth $1,376,450. Insiders own 0.32% of the company's stock.

Synchrony Financial Stock Performance

SYF traded up $0.03 during midday trading on Friday, reaching $76.56. The company had a trading volume of 8,186,388 shares, compared to its average volume of 2,819,531. The stock has a market cap of $28.48 billion, a PE ratio of 9.29, a P/E/G ratio of 0.77 and a beta of 1.49. 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 business has a 50-day moving average price of $72.74 and a two-hundred day moving average price of $62.23. 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 issued its quarterly earnings results 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 for 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 revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.6%. Synchrony Financial's dividend payout ratio is presently 14.56%.

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.