Riversedge Advisors LLC Buys New Position in Synchrony Financial $SYF

Key Points

• Riversedge Advisors LLC invested $278,000 in Synchrony Financial, acquiring 4,163 shares, as detailed in a recent SEC filing.
• Insider sales included Brian J. Sr. Wenzel and Curtis Howse, who sold shares for approximately $595,980 and $739,700, respectively, indicating a decrease in their holdings.
• Analysts have mixed ratings on Synchrony Financial, with a consensus of "Moderate Buy" and a current average price target of $73.79.

Riversedge Advisors LLC bought a new position in Synchrony Financial (NYSE:SYF - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 4,163 shares of the financial services provider's stock, valued at approximately $278,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zions Bancorporation National Association UT purchased a new stake in shares of Synchrony Financial in the 1st quarter worth about $30,000. Geneos Wealth Management Inc. lifted its position in shares of Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider's stock worth $31,000 after purchasing an additional 455 shares during the period. MAI Capital Management lifted its position in shares of Synchrony Financial by 36.3% in the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider's stock worth $33,000 after purchasing an additional 167 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Synchrony Financial in the 1st quarter worth about $34,000. Finally, CVA Family Office LLC lifted its position in shares of Synchrony Financial by 355.9% in the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock worth $37,000 after purchasing an additional 541 shares during the period. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Synchrony Financial

In other news, insider Curtis Howse sold 11,380 shares of Synchrony Financial stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total value of $739,700.00. Following the completion of the sale, the insider directly owned 108,062 shares in the company, valued at $7,024,030. The trade was a 9.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 of the company's stock, valued at $4,801,160. This represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,494 shares of company stock worth $1,376,450 over the last three months. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on SYF. Morgan Stanley raised their target price 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. JPMorgan Chase & Co. lifted their price target on shares of Synchrony Financial from $52.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Redburn Atlantic raised shares of Synchrony Financial to a "hold" rating in a research report on Friday, August 1st. Bank of America lifted their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Finally, 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. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Synchrony Financial currently has an average rating of "Moderate Buy" and a consensus target price of $73.79.

Synchrony Financial Stock Up 0.0%

NYSE:SYF traded up $0.03 on Friday, reaching $76.56. 8,186,388 shares of the stock traded hands, compared to its average volume of 2,819,531. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 9.29, 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 has a 12 month low of $40.54 and a 12 month high of $77.41. The company's fifty day simple moving average is $72.74 and its 200 day simple moving average is $62.18.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.78. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. Synchrony Financial's revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. Equities analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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

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.