TFB Advisors LLC Buys 7,616 Shares of Synchrony Financial $SYF

Key Points

• TFB Advisors LLC increased its stake in Synchrony Financial by 208.5% during Q1, acquiring an additional 7,616 shares, bringing its total to 11,269 shares worth approximately $597,000.
• Several institutional investors, including Nuveen LLC and Price T Rowe Associates Inc., have significantly increased their investments in Synchrony, contributing to institutional ownership rising to 96.48% of the company's stock.
• Synchrony Financial reported an earnings per share of $2.50 for the last quarter, exceeding analysts' expectations but showing a 1.8% decline in revenue compared to the previous year.

TFB Advisors LLC increased its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 208.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,269 shares of the financial services provider's stock after buying an additional 7,616 shares during the period. TFB Advisors LLC's holdings in Synchrony Financial were worth $597,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Benjamin Edwards Inc. increased its stake in shares of Synchrony Financial by 0.8% in the first quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider's stock worth $1,366,000 after purchasing an additional 197 shares in the last quarter. Horizon Investments LLC increased its stake in shares of Synchrony Financial by 3.7% in the first quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider's stock worth $295,000 after purchasing an additional 198 shares in the last quarter. Gotham Asset Management LLC increased its stake in shares of Synchrony Financial by 2.0% in the fourth quarter. Gotham Asset Management LLC now owns 11,505 shares of the financial services provider's stock worth $748,000 after purchasing an additional 226 shares in the last quarter. Invst LLC increased its stake in shares of Synchrony Financial by 1.2% in the fourth quarter. Invst LLC now owns 20,560 shares of the financial services provider's stock worth $1,336,000 after purchasing an additional 239 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Synchrony Financial by 0.3% in the fourth quarter. MetLife Investment Management LLC now owns 103,038 shares of the financial services provider's stock worth $6,697,000 after purchasing an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Price Performance

SYF stock traded up $1.9350 during midday trading on Friday, reaching $73.1650. The company had a trading volume of 3,104,450 shares, compared to its average volume of 3,253,413. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1 year low of $40.54 and a 1 year high of $74.11. The company has a market capitalization of $27.22 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.74 and a beta of 1.49. The firm has a 50-day moving average price of $69.01 and a 200-day moving average price of $60.39.

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, topping analysts' consensus estimates of $1.72 by $0.78. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

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

Insider Transactions at Synchrony Financial

In related news, insider Brian J. Sr. Wenzel sold 8,514 shares of the company's stock in a transaction on 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 sale, the insider directly owned 68,588 shares in the company, valued at $4,801,160. This represents a 11.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Darrell Owens sold 600 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $67.95, for a total transaction of $40,770.00. Following the sale, the insider 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. In the last ninety days, insiders sold 20,494 shares of company stock worth $1,376,450. 0.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SYF. Truist Financial lifted their target price on shares of Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Wells Fargo & Company lifted their target price on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Morgan Stanley lifted their target price on shares of Synchrony Financial from $48.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Synchrony Financial from $52.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Barclays reduced their price objective on shares of Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.05.

Synchrony Financial Company 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.