MBB Public Markets I LLC Makes New Investment in Synchrony Financial $SYF

Key Points

• MBB Public Markets I LLC has invested approximately $309,000 in Synchrony Financial by acquiring 5,832 shares during the first quarter.
• Synchrony Financial reported an EPS of $2.50 for the latest quarter, significantly exceeding analysts' expectations of $1.72, although its quarterly revenue declined by 1.8% year-over-year.
• The company recently announced a quarterly dividend of $0.30, with an annualized yield of 1.6%, reflecting a payout ratio of 14.56%.

MBB Public Markets I LLC bought a new position in Synchrony Financial (NYSE:SYF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,832 shares of the financial services provider's stock, valued at approximately $309,000.

Other large investors have also bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in Synchrony Financial in the 1st quarter valued at $30,000. MAI Capital Management increased its stake in shares of Synchrony Financial by 36.3% in the first 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Synchrony Financial in the first quarter valued at $34,000. CVA Family Office LLC raised its holdings in shares of Synchrony Financial by 355.9% in the first quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock valued at $37,000 after buying an additional 541 shares during the last quarter. Finally, TCTC Holdings LLC lifted its position in Synchrony Financial by 89.0% during the 1st quarter. TCTC Holdings LLC now owns 788 shares of the financial services provider's stock worth $42,000 after buying an additional 371 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Darrell Owens sold 600 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $1,452,227.40. This trade represents a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Curtis Howse sold 11,380 shares of Synchrony Financial stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total value of $739,700.00. Following the transaction, the insider 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 20,494 shares of company stock worth $1,376,450. Company insiders own 0.32% of the company's stock.

Synchrony Financial Trading Down 0.8%

NYSE SYF traded down $0.58 on Friday, reaching $75.43. The company had a trading volume of 1,954,364 shares, compared to its average volume of 2,629,824. Synchrony Financial has a 52 week low of $40.54 and a 52 week high of $77.41. The stock's 50 day moving average is $72.19 and its 200-day moving average is $61.60. 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 stock has a market cap of $28.06 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.77 and a beta of 1.49.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.78. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates 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 for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. Equities analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial's dividend payout ratio is presently 14.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SYF shares. Bank of America raised their price objective on shares of Synchrony Financial from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday. Wall Street Zen cut shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Morgan Stanley boosted their price objective on shares of Synchrony Financial from $48.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Royal Bank Of Canada upped their price objective on Synchrony Financial from $75.00 to $78.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Rothschild & Co Redburn started coverage on Synchrony Financial in a research note on Friday, August 1st. They issued a "neutral" rating and a $72.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, Synchrony Financial currently has an average rating of "Moderate Buy" and an average price target of $73.79.

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.