Signal Advisors Wealth LLC Makes New $329,000 Investment in Synchrony Financial $SYF

Key Points

• Signal Advisors Wealth LLC has acquired a new stake in Synchrony Financial, purchasing 4,926 shares valued at around $329,000 during Q2.
• Various large investors, including Zions Bancorporation and Geneos Wealth Management, have recently changed their holdings in Synchrony Financial, with institutional investors now owning 96.48% of the stock.
• Analyst ratings for Synchrony Financial are positive, with a consensus average target price of $73.79 and multiple firms like Wells Fargo raising their price targets for the stock.

Signal Advisors Wealth LLC acquired a new stake in Synchrony Financial (NYSE:SYF - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,926 shares of the financial services provider's stock, valued at approximately $329,000.

Other large investors also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new stake in shares of Synchrony Financial in the 1st quarter valued at approximately $30,000. Geneos Wealth Management Inc. grew its stake 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 valued at $31,000 after purchasing an additional 455 shares during the period. MAI Capital Management grew its stake 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 period. Headlands Technologies LLC bought a new stake in shares of Synchrony Financial in the 1st quarter valued at approximately $34,000. Finally, CVA Family Office LLC grew its stake 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 valued at $37,000 after purchasing an additional 541 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SYF shares. Bank of America increased their price target on Synchrony Financial from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Royal Bank Of Canada increased their price target on Synchrony Financial from $75.00 to $78.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Morgan Stanley increased their price target on Synchrony Financial from $48.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Rothschild & Co Redburn started coverage on Synchrony Financial in a research report on Friday, August 1st. They set a "neutral" rating and a $72.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on Synchrony Financial from $75.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.79.

Insider Buying and Selling

In related news, insider Darrell Owens sold 600 shares of the firm'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 sale, the insider 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the firm's stock in a transaction 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 directly owned 68,588 shares in the company, valued at $4,801,160. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,494 shares of company stock valued at $1,376,450. 0.33% of the stock is owned by company insiders.

Synchrony Financial Trading Down 1.5%

NYSE:SYF traded down $1.15 during trading hours on Monday, hitting $75.44. 1,620,421 shares of the stock were exchanged, compared to its average volume of 3,950,064. The company's 50 day moving average is $72.74 and its two-hundred day moving average is $62.29. 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 company has a market capitalization of $28.07 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 0.77 and a beta of 1.48. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.41.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly 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. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.71 billion. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

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 of this dividend was Tuesday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Synchrony Financial's dividend payout ratio is 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.