Synchrony Financial (NYSE:SYF) Shares Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. lifted its stake in Synchrony Financial (NYSE:SYF - Free Report) by 399.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,632 shares of the financial services provider's stock after buying an additional 24,501 shares during the quarter. Machina Capital S.A.S.'s holdings in Synchrony Financial were worth $1,622,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Synchrony Financial by 30.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 73,136 shares of the financial services provider's stock valued at $3,895,000 after buying an additional 17,061 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in Synchrony Financial during the first quarter valued at $11,506,000. BTC Capital Management Inc. increased its holdings in shares of Synchrony Financial by 25.9% in the 1st quarter. BTC Capital Management Inc. now owns 65,835 shares of the financial services provider's stock worth $3,485,000 after buying an additional 13,526 shares during the last quarter. Merit Financial Group LLC boosted its stake in Synchrony Financial by 70.2% during the first quarter. Merit Financial Group LLC now owns 10,657 shares of the financial services provider's stock worth $564,000 after buying an additional 4,397 shares during the period. Finally, Clarius Group LLC bought a new position in Synchrony Financial during the first quarter valued at $242,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock traded up $1.09 during trading on Friday, hitting $72.90. 3,237,556 shares of the company's stock were exchanged, compared to its average volume of 3,310,771. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $73.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.25 and a current ratio of 1.24. The stock has a market capitalization of $27.12 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.73 and a beta of 1.46. The business has a 50-day simple moving average of $64.24 and a 200-day simple moving average of $60.00.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its 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 the consensus estimate of $3.71 billion. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%. The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Tuesday, August 5th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 5th. This represents a $1.20 annualized dividend and a yield of 1.65%. Synchrony Financial's dividend payout ratio is presently 14.56%.

Insiders Place Their Bets

In other Synchrony Financial news, insider Curtis Howse sold 11,380 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the transaction, the insider directly owned 108,062 shares in the company, valued at approximately $7,024,030. This represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan S. Mothner sold 40,639 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $60.07, for a total value of $2,441,184.73. Following the sale, the insider owned 146,628 shares of the company's stock, valued at approximately $8,807,943.96. This trade represents a 21.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Cfra Research raised shares of Synchrony Financial to a "hold" rating in a research report on Tuesday, April 22nd. The Goldman Sachs Group upped their price objective on Synchrony Financial from $70.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Truist Financial boosted their target price on shares of Synchrony Financial from $68.00 to $76.00 and gave the company a "hold" rating in a research note on Thursday. Royal Bank Of Canada lifted their price objective on shares of Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a report on Wednesday. Finally, JMP Securities upped their target price on shares of Synchrony Financial from $68.00 to $77.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $74.17.

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.