Synchrony Financial $SYF Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Synchrony Financial by 20.8%, acquiring an additional 30,800 shares and bringing its total holdings to 178,612 shares worth $11.9 million.
• Insider transactions showed Darrell Owens and Curtis Howse selling shares, indicating a 2.73% and 9.53% decrease in their positions, respectively.
• Synchrony Financial reported a quarterly EPS of $2.50, surpassing analyst expectations, while the company declared a quarterly dividend of $0.30, representing a yield of 1.6%.

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 20.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 178,612 shares of the financial services provider's stock after acquiring an additional 30,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Synchrony Financial were worth $11,919,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Zions Bancorporation National Association UT purchased a new stake in Synchrony Financial during the first quarter valued at $30,000. Geneos Wealth Management Inc. increased its position in shares of Synchrony Financial by 337.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock worth $31,000 after purchasing an additional 455 shares during the last quarter. MAI Capital Management boosted its stake in shares of Synchrony Financial by 36.3% in the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider's stock valued at $33,000 after buying an additional 167 shares during the period. Headlands Technologies LLC purchased a new stake in Synchrony Financial in the first quarter valued at approximately $34,000. Finally, CVA Family Office LLC boosted its position in shares of Synchrony Financial by 355.9% during the 1st 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 in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 8,514 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $595,980.00. Following the sale, the insider owned 68,588 shares of the company's stock, valued at approximately $4,801,160. This trade represents a 11.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Darrell Owens sold 600 shares of the company's stock in a transaction dated Monday, August 4th. The stock was 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 $1,452,227.40. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,494 shares of company stock worth $1,376,450 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Redburn Atlantic raised shares of Synchrony Financial to a "hold" rating in a research report on Friday, August 1st. Barclays dropped 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. BTIG Research upgraded shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Monday, July 14th. Wells Fargo & Company boosted their target price on shares of Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Rothschild & Co Redburn initiated coverage on shares of Synchrony Financial in a research note on Friday, August 1st. They issued a "neutral" rating and a $72.00 target price on the stock. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $73.79.

Synchrony Financial Stock Up 0.0%

Shares of SYF stock traded up $0.03 during trading hours on Friday, reaching $76.56. 8,186,388 shares of the stock were exchanged, compared to its average volume of 2,819,531. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $77.41. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $28.48 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.77 and a beta of 1.49. The business's fifty day moving average is $72.74 and its two-hundred day moving average is $62.23.

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

Synchrony Financial Announces Dividend

The company 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. 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 payout ratio is 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.