Synchrony Financial $SYF Shares Acquired by Sovran Advisors LLC

Key Points

• Sovran Advisors LLC increased its holdings in Synchrony Financial by 215.3% in the 2nd quarter, equating to a total value of approximately $5.18 million.
• Several institutional investors have also modified their stakes in Synchrony Financial, with 96.48% of the stock owned by institutional investors and hedge funds.
• Analysts have mixed opinions on Synchrony Financial, with a consensus rating of "Moderate Buy" and a target price of $73.79 according to market data.

Sovran Advisors LLC boosted its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 215.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,753 shares of the financial services provider's stock after buying an additional 51,043 shares during the quarter. Sovran Advisors LLC's holdings in Synchrony Financial were worth $5,180,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SYF. MAI Capital Management boosted its stake in shares of Synchrony Financial by 36.3% during the first 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. Benjamin Edwards Inc. raised its holdings in shares of Synchrony Financial by 0.8% during the first quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider's stock valued at $1,366,000 after acquiring an additional 197 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Synchrony Financial by 3.7% during the first quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider's stock valued at $295,000 after acquiring an additional 198 shares in the last quarter. Synovus Financial Corp raised its holdings in Synchrony Financial by 2.6% in the first quarter. Synovus Financial Corp now owns 9,223 shares of the financial services provider's stock worth $488,000 after purchasing an additional 230 shares in the last quarter. Finally, Invst LLC increased its holdings in shares of Synchrony Financial by 1.2% during the fourth quarter. Invst LLC now owns 20,560 shares of the financial services provider's stock valued at $1,336,000 after acquiring an additional 239 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Up 0.0%

SYF traded up $0.03 on Friday, reaching $76.56. The company's stock had a trading volume of 8,186,388 shares, 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 P/E/G ratio of 0.77 and a beta of 1.49. 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 fifty-two week low of $40.54 and a fifty-two week high of $77.41. The stock has a 50 day moving average of $72.74 and a two-hundred day moving average of $62.23.

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

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 1.6%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial's payout ratio is presently 14.56%.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of Synchrony Financial stock in a transaction that occurred 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 in the company, valued at $1,452,227.40. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $70.00, for a total value of $595,980.00. Following the completion of the transaction, the insider owned 68,588 shares of the company's stock, valued at approximately $4,801,160. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,494 shares of company stock valued at $1,376,450. 0.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SYF shares. Redburn Atlantic raised Synchrony Financial to a "hold" rating in a research report on Friday, August 1st. JMP Securities upped their price objective on Synchrony Financial from $68.00 to $77.00 and gave the company a "market outperform" rating in a research report on Thursday, July 17th. Wall Street Zen raised Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Saturday. Rothschild & Co Redburn began 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, JPMorgan Chase & Co. upped their price objective on Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $73.79.

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.