Synchrony Financial $SYF Shares Bought by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA increased its stake in Synchrony Financial by 36.4% in Q1, owning 14,987 shares valued at $793,000.
• Synchrony Financial reported an EPS of $2.50 for its latest quarter, surpassing the consensus estimate of $1.72, despite a 1.8% year-over-year decline in revenue.
• Multiple analysts have issued positive ratings, including BTIG Research, which upgraded the stock to a "buy" with a price target of $100.00.

Petrus Trust Company LTA lifted its position in Synchrony Financial (NYSE:SYF - Free Report) by 36.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,987 shares of the financial services provider's stock after acquiring an additional 4,000 shares during the period. Petrus Trust Company LTA's holdings in Synchrony Financial were worth $793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Synchrony Financial by 0.6% during the first quarter. Vanguard Group Inc. now owns 48,420,051 shares of the financial services provider's stock worth $2,563,358,000 after buying an additional 281,383 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Synchrony Financial by 6.5% during the first quarter. Allianz Asset Management GmbH now owns 5,868,022 shares of the financial services provider's stock worth $310,653,000 after buying an additional 358,708 shares in the last quarter. Invesco Ltd. lifted its position in Synchrony Financial by 13.7% during the first quarter. Invesco Ltd. now owns 5,858,422 shares of the financial services provider's stock worth $310,145,000 after buying an additional 706,212 shares in the last quarter. Southpoint Capital Advisors LP lifted its position in Synchrony Financial by 25.0% during the first quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the financial services provider's stock worth $264,700,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Synchrony Financial by 36.0% during the first quarter. Ameriprise Financial Inc. now owns 4,900,281 shares of the financial services provider's stock worth $259,421,000 after buying an additional 1,297,859 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SYF. Wall Street Zen cut Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Truist Financial raised their target price on Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Wells Fargo & Company raised their target price on Synchrony Financial from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Barclays cut their target price on Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their target price on Synchrony Financial from $75.00 to $78.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $74.05.

Synchrony Financial Trading Up 1.3%

Shares of SYF traded up $0.98 during midday trading on Tuesday, hitting $76.12. 2,150,014 shares of the stock were exchanged, compared to its average volume of 2,593,637. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $77.41. The stock has a fifty day simple moving average of $71.86 and a 200 day simple moving average of $61.29. The firm has a market cap of $28.32 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.75 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.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.78. The business had revenue of $3.65 billion for the quarter, compared to analysts' expectations 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 last year, the firm earned $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

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

Insider Activity

In other news, insider Darrell Owens sold 600 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $67.95, for a total value of $40,770.00. Following the sale, the insider directly owned 21,372 shares in the company, valued at approximately $1,452,227.40. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $595,980.00. Following the completion of the transaction, the insider directly owned 68,588 shares in the company, valued at $4,801,160. This trade represents a 11.04% decrease in their position. 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. Corporate insiders own 0.33% of the company's stock.

Synchrony Financial 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.