Synchrony Financial $SYF Shares Bought by Czech National Bank

Key Points

• The Czech National Bank increased its stake in Synchrony Financial by 4.2% during the second quarter, bringing its total holdings to 93,060 shares valued at approximately $6.21 million.
• Insider transactions revealed that two company insiders sold a combined total of 12,000 shares, indicating a reduction in their ownership positions.
$0.30 per share, reflecting a 1.6% annualized dividend yield.

Czech National Bank raised its position in Synchrony Financial (NYSE:SYF - Free Report) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 93,060 shares of the financial services provider's stock after purchasing an additional 3,771 shares during the period. Czech National Bank's holdings in Synchrony Financial were worth $6,211,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in shares of Synchrony Financial by 2.5% during the 2nd quarter. Parallel Advisors LLC now owns 26,480 shares of the financial services provider's stock valued at $1,767,000 after purchasing an additional 647 shares during the last quarter. Greenfield Savings Bank purchased a new stake in Synchrony Financial in the 2nd quarter worth approximately $301,000. Kera Capital Partners Inc. purchased a new position in shares of Synchrony Financial in the 2nd quarter valued at approximately $383,000. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Synchrony Financial in the 1st quarter worth about $1,133,000. Finally, Voya Investment Management LLC raised its position in Synchrony Financial by 7.3% in the 1st quarter. Voya Investment Management LLC now owns 350,637 shares of the financial services provider's stock worth $18,563,000 after buying an additional 23,747 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Trading Up 0.0%

Shares of Synchrony Financial stock traded up $0.03 on Friday, hitting $76.56. 8,186,388 shares of the company's stock traded hands, compared to its average volume of 2,819,531. The firm's 50-day moving average price is $72.74 and its two-hundred day moving average price is $62.18. Synchrony Financial has a one year low of $40.54 and a one year high of $77.41. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $28.48 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 0.77 and a beta of 1.49.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 21.34% and a net margin of 14.43%.Synchrony Financial's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed 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 of this dividend was Tuesday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Synchrony Financial's dividend payout ratio (DPR) is 14.56%.

Insiders Place Their Bets

In related news, insider Curtis Howse sold 11,380 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was 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 of the company's stock, valued at $7,024,030. The trade was a 9.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Darrell Owens sold 600 shares of the business's 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 sale, the insider directly owned 21,372 shares of the company's stock, valued at $1,452,227.40. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,494 shares of company stock worth $1,376,450. 0.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SYF. JMP Securities lifted their price objective on shares of Synchrony Financial from $68.00 to $77.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 17th. Bank of America raised their price objective on Synchrony Financial from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. Redburn Atlantic raised Synchrony Financial to a "hold" rating in a report on Friday, August 1st. Barclays reduced their price target on shares of Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their target price 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. Twelve equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.