Synchrony Financial $SYF Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH significantly reduced its holdings in Synchrony Financial by 73.9%, selling 100,289 shares and now owning 35,477 shares valued at approximately $2.37 million.
• Wall Street analysts show positive sentiment towards Synchrony Financial, with JMP Securities raising its target price from $77 to $88 and a majority rating the stock as a "Buy."
• Synchrony Financial recently declared a quarterly dividend of $0.30 per share, representing an annual yield of 1.6%, highlighted by a low dividend payout ratio of 14.56%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 73.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 35,477 shares of the financial services provider's stock after selling 100,289 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Synchrony Financial were worth $2,368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Zions Bancorporation National Association UT acquired a new stake in shares of Synchrony Financial in the first quarter worth $30,000. Geneos Wealth Management Inc. boosted its position in Synchrony Financial by 337.0% during the 1st 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 increased its holdings in 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 in the last quarter. Headlands Technologies LLC purchased a new position in Synchrony Financial in the first quarter valued at about $34,000. Finally, CVA Family Office LLC raised its position in Synchrony Financial by 355.9% in the first 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JMP Securities upped their target price on Synchrony Financial from $77.00 to $88.00 and gave the stock a "market outperform" rating in a research report on Thursday. Wall Street Zen upgraded Synchrony Financial from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. BTIG Research raised shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Monday, July 14th. Barclays dropped their price objective on shares of Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Finally, Redburn Atlantic upgraded shares of Synchrony Financial to a "hold" rating in a research note on Friday, August 1st. Twelve research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Synchrony Financial has a consensus rating of "Moderate Buy" and a consensus target price of $74.37.

Insider Activity at Synchrony Financial

In related news, insider Darrell Owens sold 600 shares of the company'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 transaction of $40,770.00. Following the sale, the insider directly owned 21,372 shares of the company's stock, valued at approximately $1,452,227.40. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $595,980.00. Following the completion of the transaction, the insider directly 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 disclosure for this sale can be found here. Corporate insiders own 0.32% of the company's stock.

Synchrony Financial Stock Down 0.5%

SYF stock opened at $74.27 on Friday. The company has a market capitalization of $27.63 billion, a P/E ratio of 9.01, a PEG ratio of 0.75 and a beta of 1.49. The firm has a 50 day simple moving average of $73.15 and a 200-day simple moving average of $62.75. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02. 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 data on Tuesday, July 22nd. The financial services provider reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.78. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial's dividend payout ratio is presently 14.56%.

About Synchrony Financial

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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