Synchrony Financial $SYF Shares Sold by JTC Employer Solutions Trustee Ltd

Key Points

• JTC Employer Solutions Trustee Ltd reduced its stake in Synchrony Financial by 31.8%, now holding 75,000 shares valued at $5,005,000, which constitutes 0.5% of its portfolio.
• Several institutional investors have modified their positions in SYF, with notable increases in holdings, including Geneos Wealth Management raising their stake by 337.0%.
• Synchrony Financial's recent earnings report showed an EPS of $2.86, exceeding analyst forecasts, alongside revenue of $3.82 billion, and a newly announced $1 billion share buyback plan.

JTC Employer Solutions Trustee Ltd cut its stake in Synchrony Financial (NYSE:SYF - Free Report) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,000 shares of the financial services provider's stock after selling 35,000 shares during the period. Synchrony Financial accounts for 0.5% of JTC Employer Solutions Trustee Ltd's portfolio, making the stock its 24th largest position. JTC Employer Solutions Trustee Ltd's holdings in Synchrony Financial were worth $5,005,000 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 SYF. Zions Bancorporation National Association UT acquired a new stake in shares of Synchrony Financial during the first quarter worth $30,000. Geneos Wealth Management Inc. raised 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 period. MAI Capital Management raised its holdings 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 worth $33,000 after purchasing an additional 167 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Synchrony Financial during the first quarter worth $34,000. Finally, TCTC Holdings LLC raised its holdings in shares of Synchrony Financial by 89.0% during the first quarter. TCTC Holdings LLC now owns 788 shares of the financial services provider's stock worth $42,000 after purchasing an additional 371 shares during the period. 96.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SYF. The Goldman Sachs Group increased their target price on shares of Synchrony Financial from $70.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Bank of America increased their target price on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, September 11th. HSBC raised shares of Synchrony Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $73.00 to $81.00 in a report on Friday, October 10th. Finally, Redburn Atlantic raised shares of Synchrony Financial to a "hold" rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Synchrony Financial has an average rating of "Moderate Buy" and an average price target of $81.38.

Synchrony Financial Stock Up 1.9%

SYF stock opened at $71.58 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $77.41. The firm's 50-day simple moving average is $73.43 and its 200 day simple moving average is $64.68. The stock has a market cap of $26.63 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.50.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.64. The business had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.79 billion. Synchrony Financial had a net margin of 15.84% and a return on equity of 22.96%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, August 5th. Synchrony Financial's dividend payout ratio is currently 14.56%.

Synchrony Financial declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Synchrony Financial

In related news, insider Darrell Owens sold 600 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $67.95, for a total value of $40,770.00. Following the completion of the transaction, the insider owned 21,372 shares in the company, valued at $1,452,227.40. This represents a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $595,980.00. Following the completion of the transaction, the insider owned 68,588 shares of the company's stock, valued at $4,801,160. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Corporate 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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