Robeco Institutional Asset Management B.V. Has $210.88 Million Stock Position in Synchrony Financial $SYF

Key Points

• Robeco Institutional Asset Management B.V. has increased its holdings in Synchrony Financial by 42.8% during the second quarter, owning approximately $210.88 million in shares by the quarter's end.
• Synchrony Financial reported $2.50 earnings per share for the last quarter, surpassing analysts' expectations of $1.72, although its revenue decreased by 1.8% year-over-year.
• The company recently declared a quarterly dividend of $0.30 per share, representing an annualized yield of 1.7% and a payout ratio of 14.56%.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 42.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,159,748 shares of the financial services provider's stock after purchasing an additional 946,278 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.83% of Synchrony Financial worth $210,882,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SYF. Wealth Enhancement Advisory Services LLC grew its stake in Synchrony Financial by 220.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 64,145 shares of the financial services provider's stock worth $4,169,000 after purchasing an additional 44,150 shares during the period. GAMMA Investing LLC boosted its holdings in Synchrony Financial by 5,889.1% in the first quarter. GAMMA Investing LLC now owns 496,260 shares of the financial services provider's stock worth $26,272,000 after acquiring an additional 487,974 shares in the last quarter. Rhumbline Advisers boosted its holdings in Synchrony Financial by 7.1% in the first quarter. Rhumbline Advisers now owns 930,362 shares of the financial services provider's stock worth $49,253,000 after acquiring an additional 61,436 shares in the last quarter. Czech National Bank boosted its holdings in Synchrony Financial by 5.8% in the first quarter. Czech National Bank now owns 89,289 shares of the financial services provider's stock worth $4,727,000 after acquiring an additional 4,871 shares in the last quarter. Finally, Merit Financial Group LLC boosted its holdings in Synchrony Financial by 70.2% in the first quarter. Merit Financial Group LLC now owns 10,657 shares of the financial services provider's stock worth $564,000 after acquiring an additional 4,397 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Down 1.7%

SYF stock opened at $69.82 on Thursday. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.41. 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's 50 day moving average is $73.27 and its 200-day moving average is $63.29. The firm has a market capitalization of $25.98 billion, a PE ratio of 8.47, a P/E/G ratio of 0.71 and a beta of 1.51.

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 for the quarter, beating analysts' consensus estimates of $1.72 by $0.78. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the company earned $1.55 earnings per share. The company's revenue for the quarter was down 1.8% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. Sell-side analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Evercore ISI increased their price target on Synchrony Financial from $83.00 to $84.00 and gave the stock an "outperform" rating in a report on Tuesday. JMP Securities increased their price target on Synchrony Financial from $77.00 to $88.00 and gave the stock a "market outperform" rating in a report on Thursday, September 25th. The Goldman Sachs Group increased their price target on Synchrony Financial from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Truist Financial increased their price target on Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Twelve equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $76.68.

Insider Buying and Selling

In related news, insider Brian J. Sr. Wenzel sold 8,514 shares of the 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 directly owned 68,588 shares of the company's stock, valued at approximately $4,801,160. This trade represents a 11.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Darrell Owens sold 600 shares of the stock in a transaction that occurred 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 directly owned 21,372 shares of the company's stock, valued at $1,452,227.40. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.32% 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.

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