Maverick Capital Ltd. Has $599,000 Stock Position in Synchrony Financial $SYF

Key Points

• Maverick Capital Ltd. significantly increased its stake in Synchrony Financial by 149.9%, owning a total of 11,309 shares valued at approximately $599,000 after acquiring an additional 6,784 shares.
• Synchrony Financial reported EPS of $2.50 for the quarter, surpassing analysts' expectations of $1.72, but its revenue of $3.65 billion fell short of the anticipated $3.71 billion.
• The company declared a quarterly dividend of $0.30, representing an annualized yield of 1.6%, with a low dividend payout ratio of 14.56%.

Maverick Capital Ltd. boosted its position in Synchrony Financial (NYSE:SYF - Free Report) by 149.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,309 shares of the financial services provider's stock after buying an additional 6,784 shares during the quarter. Maverick Capital Ltd.'s holdings in Synchrony Financial were worth $599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SYF. Vanguard Group Inc. lifted its position in Synchrony Financial by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 48,420,051 shares of the financial services provider's stock valued at $2,563,358,000 after acquiring an additional 281,383 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of 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 purchasing an additional 358,708 shares during the last quarter. Invesco Ltd. increased its stake in shares of Synchrony Financial by 13.7% during the 1st quarter. Invesco Ltd. now owns 5,858,422 shares of the financial services provider's stock worth $310,145,000 after purchasing an additional 706,212 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of 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 worth $259,421,000 after purchasing an additional 1,297,859 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Synchrony Financial by 9.1% during the 4th 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 last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Performance

Shares of NYSE:SYF traded down $1.21 on Friday, reaching $75.65. 2,149,018 shares of the company's stock were exchanged, compared to its average volume of 2,704,496. The company has a fifty day moving average of $71.54 and a 200-day moving average of $61.13. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.41. The company has a market capitalization of $28.15 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 0.77 and a beta of 1.49. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its 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 net margin of 14.43% and a return on equity of 21.34%. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The business's revenue was down 1.8% compared to the same quarter last year. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts predict 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. Investors of record on Tuesday, August 5th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Synchrony Financial's dividend payout ratio (DPR) is currently 14.56%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SYF shares. Royal Bank Of Canada boosted their price objective on shares of Synchrony Financial from $75.00 to $78.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upped their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a research note 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. JMP Securities upped their price target on shares of Synchrony Financial from $68.00 to $77.00 and gave the company a "market outperform" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley upped their price target on shares of Synchrony Financial from $48.00 to $70.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Twelve analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Synchrony Financial has a consensus rating of "Moderate Buy" and an average target price of $74.05.

Insider Buying and Selling

In related news, insider Curtis Howse sold 11,380 shares of the stock in a transaction that occurred 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 sale, the insider owned 108,062 shares in the company, valued at approximately $7,024,030. This trade represents a 9.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Darrell Owens sold 600 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $67.95, for a total transaction of $40,770.00. Following the sale, the insider owned 21,372 shares in the company, valued at $1,452,227.40. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,494 shares of company stock worth $1,376,450. Corporate insiders own 0.32% of the company's stock.

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.