Shell Asset Management Co. Boosts Stock Position in Synchrony Financial $SYF

Key Points

• Shell Asset Management Co. increased its holdings in Synchrony Financial by 36.4%, owning 94,900 shares worth approximately $6.33 million as of its latest SEC filing.
• Insider Brian J. Sr. Wenzel sold 8,514 shares at an average price of $70, which reflects an 11.04% decrease in his position.
• Synchrony Financial reported earnings per share (EPS) of $2.50 for the last quarter, exceeding analysts' expectations of $1.72, while projected EPS for FY 2025 is approximately 7.67.

Shell Asset Management Co. grew its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 36.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,900 shares of the financial services provider's stock after buying an additional 25,337 shares during the period. Shell Asset Management Co.'s holdings in Synchrony Financial were worth $6,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT purchased a new position in Synchrony Financial in the first quarter valued at approximately $30,000. Geneos Wealth Management Inc. grew its holdings in shares of Synchrony Financial by 337.0% during the first 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 last quarter. MAI Capital Management lifted its holdings 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 valued at $33,000 after purchasing an additional 167 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Synchrony Financial in the 1st quarter valued at about $34,000. Finally, CVA Family Office LLC grew its stake in Synchrony Financial by 355.9% during the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock worth $37,000 after buying an additional 541 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Insider Transactions at Synchrony Financial

In related news, insider Brian J. Sr. Wenzel sold 8,514 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $595,980.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Darrell Owens sold 600 shares of the business's 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 completion of the transaction, the insider directly owned 21,372 shares of the company's stock, valued at approximately $1,452,227.40. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SYF shares. Redburn Atlantic raised Synchrony Financial to a "hold" rating in a report on Friday, August 1st. Weiss Ratings restated a "buy (b-)" rating on shares of Synchrony Financial in a research report on Saturday, September 27th. Evercore ISI lifted their target price on Synchrony Financial from $83.00 to $84.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Rothschild & Co Redburn started coverage on Synchrony Financial in a research note on Friday, August 1st. They set a "neutral" rating and a $72.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.84.

Synchrony Financial Stock Performance

Shares of SYF opened at $71.39 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $77.41. The company has a 50-day simple moving average of $73.18 and a 200-day simple moving average of $63.78. The company has a market capitalization of $26.56 billion, a PE ratio of 8.66, a P/E/G ratio of 0.72 and a beta of 1.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.78. The company had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. Equities research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were given 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 1.7%. Synchrony Financial's dividend payout ratio (DPR) is currently 14.56%.

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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