Quantbot Technologies LP Has $7.92 Million Stock Holdings in Synchrony Financial $SYF

Key Points

• Quantbot Technologies LP significantly increased its stake in Synchrony Financial by 10,006.8% during the first quarter, owning 149,681 shares worth approximately $7.9 million.
• Several institutional investors have also boosted their positions in Synchrony Financial, with Nuveen LLC acquiring $175 million worth of shares, indicating strong institutional confidence in the company.
• Analysts have raised their price targets for Synchrony Financial, with notable increases from $48 to $70 by Morgan Stanley, reflecting a consensus rating of "Moderate Buy" with a target price of $74.05.

Quantbot Technologies LP boosted its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 10,006.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 149,681 shares of the financial services provider's stock after acquiring an additional 148,200 shares during the quarter. Quantbot Technologies LP's holdings in Synchrony Financial were worth $7,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Korea Investment CORP raised its position in Synchrony Financial by 18.8% during the first quarter. Korea Investment CORP now owns 667,132 shares of the financial services provider's stock valued at $35,318,000 after acquiring an additional 105,442 shares in the last quarter. Algert Global LLC bought a new position in Synchrony Financial during the first quarter valued at approximately $522,000. Raymond James Financial Inc. raised its position in Synchrony Financial by 13.1% during the first quarter. Raymond James Financial Inc. now owns 640,980 shares of the financial services provider's stock valued at $33,934,000 after acquiring an additional 74,029 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of Synchrony Financial by 30.3% in the first quarter. Tocqueville Asset Management L.P. now owns 6,330 shares of the financial services provider's stock valued at $335,000 after purchasing an additional 1,473 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Synchrony Financial by 1.8% in the first quarter. American Century Companies Inc. now owns 1,047,453 shares of the financial services provider's stock valued at $55,452,000 after purchasing an additional 18,016 shares during the period. Institutional investors own 96.48% of the company's stock.

Insiders Place Their Bets

In other news, insider Darrell Owens sold 600 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $67.95, for a total value of $40,770.00. Following the sale, the insider owned 21,372 shares in the company, valued at approximately $1,452,227.40. The trade was a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $595,980.00. Following the completion of the sale, the insider owned 68,588 shares in the company, valued at $4,801,160. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,494 shares of company stock worth $1,376,450 over the last 90 days. Corporate insiders own 0.32% of the company's stock.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock traded up $0.0110 during midday trading on Wednesday, hitting $71.6010. The company had a trading volume of 2,843,785 shares, compared to its average volume of 3,489,267. The business's 50 day simple moving average is $68.55 and its two-hundred day simple moving average is $60.37. The stock has a market cap of $26.64 billion, a PE ratio of 8.69, a P/E/G ratio of 0.73 and a beta of 1.49. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $73.76.

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, topping the consensus estimate of $1.72 by $0.78. The business had revenue of $3.65 billion for 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% on a year-over-year basis. During the same quarter last year, the company posted $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Synchrony Financial's payout ratio is currently 14.56%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Rothschild & Co Redburn assumed coverage on shares of Synchrony Financial in a research report on Friday, August 1st. They issued a "neutral" rating and a $72.00 price target on the stock. Royal Bank Of Canada lifted their price target on shares of Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. BTIG Research raised 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 report on Monday, July 14th. The Goldman Sachs Group lifted their price target on shares of Synchrony Financial from $70.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Redburn Atlantic raised shares of Synchrony Financial to a "hold" rating in a research report on Friday, August 1st. Twelve investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $74.05.

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.