Qtron Investments LLC Sells 12,390 Shares of Synchrony Financial $SYF

Key Points

• Qtron Investments LLC significantly reduced its stake in Synchrony Financial by 75.2%, selling 12,390 shares and ending the quarter with only 4,081 shares valued at $216,000.
• Over 96% of Synchrony Financial's stock is owned by institutional investors, which have also shown varied activity, including substantial increases from CVA Family Office LLC and others during the first quarter.
• Multiple brokerages have upgraded Synchrony Financial’s stock, with JPMorgan Chase raising its price target from $52 to $80 and analysts generally rating it as a "Moderate Buy."

Qtron Investments LLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 75.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,081 shares of the financial services provider's stock after selling 12,390 shares during the period. Qtron Investments LLC's holdings in Synchrony Financial were worth $216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of 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 acquiring an additional 17,061 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Synchrony Financial during the first quarter valued at approximately $11,506,000. BTC Capital Management Inc. increased its position in shares of Synchrony Financial by 25.9% during the first quarter. BTC Capital Management Inc. now owns 65,835 shares of the financial services provider's stock valued at $3,485,000 after acquiring an additional 13,526 shares in the last quarter. Merit Financial Group LLC increased its position in shares of 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 valued at $564,000 after acquiring an additional 4,397 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Synchrony Financial by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 236,967 shares of the financial services provider's stock valued at $12,545,000 after acquiring an additional 5,765 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

Insider Buying and Selling

In related news, insider Brian J. Sr. Wenzel sold 8,514 shares of the company's 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 owned 68,588 shares of the company's stock, valued at approximately $4,801,160. This represents a 11.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Darrell Owens sold 600 shares of the company'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 completion of the transaction, the insider directly owned 21,372 shares of the company's stock, 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 quarter, insiders sold 20,494 shares of company stock valued at $1,376,450. Company insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on SYF shares. Royal Bank Of Canada lifted their target price on shares of Synchrony Financial from $75.00 to $78.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Truist Financial lifted their target price on shares of Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Barclays cut 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. Wall Street Zen downgraded shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Twelve analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.05.

Synchrony Financial Price Performance

Synchrony Financial stock traded up $0.3280 during mid-day trading on Monday, hitting $73.5280. The stock had a trading volume of 553,985 shares, compared to its average volume of 4,027,744. The firm has a market capitalization of $27.36 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.74 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. The firm's 50 day moving average is $69.01 and its 200 day moving average is $60.34. Synchrony Financial has a one year low of $40.54 and a one year high of $74.11.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share 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 the consensus estimate of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. Synchrony Financial's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

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

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.