Trexquant Investment LP Buys 125,844 Shares of Synchrony Financial $SYF

Key Points

• Trexquant Investment LP increased its holdings in Synchrony Financial by 115.1% during the 1st quarter, holding a total of 235,162 shares valued at approximately $12.45 million.
• Synchrony Financial reported $2.50 earnings per share in its latest quarterly results, exceeding analyst expectations of $1.72, although revenue decreased by 1.8% year-over-year.
• The company declared a $0.30 quarterly dividend, with a yield of 1.6%, reflecting a dividend payout ratio of 14.56%.

Trexquant Investment LP raised its stake in Synchrony Financial (NYSE:SYF - Free Report) by 115.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 235,162 shares of the financial services provider's stock after acquiring an additional 125,844 shares during the period. Trexquant Investment LP owned approximately 0.06% of Synchrony Financial worth $12,449,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT purchased a new stake in shares of Synchrony Financial during the first quarter valued at $30,000. Accredited Wealth Management LLC purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at $38,000. Headlands Technologies LLC purchased a new stake in shares of Synchrony Financial during the first quarter valued at $34,000. CVA Family Office LLC boosted its position in shares of Synchrony Financial by 355.9% during the first quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock valued at $37,000 after buying an additional 541 shares during the last quarter. Finally, TCTC Holdings LLC boosted its position 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 valued at $42,000 after buying an additional 371 shares during the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Synchrony Financial

In related news, insider Curtis Howse sold 11,380 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the transaction, the insider owned 108,062 shares in the company, valued at $7,024,030. The trade was a 9.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darrell Owens sold 600 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $67.95, for a total value of $40,770.00. Following the transaction, the insider owned 21,372 shares of the company's stock, valued at approximately $1,452,227.40. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,494 shares of company stock worth $1,376,450 in the last quarter. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on SYF. BTIG Research raised Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research report on Monday, July 14th. Barclays dropped their target price on Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Truist Financial raised their target price on Synchrony Financial from $68.00 to $76.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Royal Bank Of Canada raised their target price on Synchrony Financial from $75.00 to $78.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, Redburn Atlantic raised Synchrony Financial to a "hold" rating in a research report on Friday, August 1st. Twelve investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.05.

Synchrony Financial Price Performance

SYF traded down $0.78 on Tuesday, hitting $75.56. 1,792,118 shares of the company's stock traded hands, compared to its average volume of 4,003,698. The company's 50 day simple moving average is $70.70 and its 200-day simple moving average is $60.78. The firm has a market cap of $28.11 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 0.76 and a beta of 1.48. Synchrony Financial has a one year low of $40.54 and a one year high of $77.15. 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 (NYSE:SYF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.78. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the company earned $1.55 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors 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 yield of 1.6%. Synchrony Financial's payout ratio is presently 14.56%.

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.