Synchrony Financial $SYF Shares Sold by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. significantly reduced its stake in Synchrony Financial by 96.2% during the 1st quarter, owning just 26,098 shares by the end of the quarter.
• Synchrony Financial reported a $2.50 EPS for its latest quarter, surpassing analyst expectations of $1.72, but its revenue decreased by 1.8% year-over-year.
• The company recently announced a quarterly dividend of $0.30 per share, representing an annualized dividend yield of 1.6% and a payout ratio of 14.56%.

Nomura Holdings Inc. lessened its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 96.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,098 shares of the financial services provider's stock after selling 657,486 shares during the quarter. Nomura Holdings Inc.'s holdings in Synchrony Financial were worth $1,382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. raised its stake in shares of Synchrony Financial by 0.8% during the 1st quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider's stock worth $1,366,000 after buying an additional 197 shares during the last quarter. Horizon Investments LLC raised its stake in shares of Synchrony Financial by 3.7% during the 1st quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider's stock worth $295,000 after buying an additional 198 shares during the last quarter. Gotham Asset Management LLC raised its stake in shares of Synchrony Financial by 2.0% during the 4th quarter. Gotham Asset Management LLC now owns 11,505 shares of the financial services provider's stock worth $748,000 after buying an additional 226 shares during the last quarter. Synovus Financial Corp raised its stake in shares of Synchrony Financial by 2.6% during the 1st quarter. Synovus Financial Corp now owns 9,223 shares of the financial services provider's stock worth $488,000 after buying an additional 230 shares during the last quarter. Finally, Invst LLC raised its stake in shares of Synchrony Financial by 1.2% during the 4th quarter. Invst LLC now owns 20,560 shares of the financial services provider's stock worth $1,336,000 after buying an additional 239 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Down 1.0%

SYF opened at $75.56 on Wednesday. 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 $28.11 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.49. The business has a 50-day moving average of $70.92 and a two-hundred day moving average of $60.88. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $77.15.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results 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. 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%.The firm's revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business 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 earnings per share for the current year.

Synchrony Financial Announces Dividend

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

Insider Transactions at Synchrony Financial

In other news, insider Brian J. Sr. Wenzel sold 8,514 shares of the business's stock in a transaction dated 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 sale, the insider owned 68,588 shares in the company, valued at approximately $4,801,160. The trade was a 11.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Darrell Owens sold 600 shares of the business's stock in a transaction dated 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 owned 21,372 shares of the company's stock, valued at $1,452,227.40. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,494 shares of company stock worth $1,376,450. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on SYF. The Goldman Sachs Group boosted their target price on shares of Synchrony Financial from $70.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. JMP Securities boosted their target price on shares of Synchrony Financial from $68.00 to $77.00 and gave the company a "market outperform" rating in a research note on Thursday, July 17th. Wells Fargo & Company boosted their target price on shares of Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn began coverage on shares of Synchrony Financial in a research note on Friday, August 1st. They issued a "neutral" rating and a $72.00 target price for the company. Finally, Redburn Atlantic raised 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 given a Hold rating to the company. According to MarketBeat.com, Synchrony Financial presently has an average rating of "Moderate Buy" and an average target price of $74.05.

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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