Truvestments Capital LLC Makes New Investment in Synchrony Financial $SYF

Key Points

• Truvestments Capital LLC has purchased a position in Synchrony Financial, acquiring 10,885 shares valued at approximately $576,000.
• The financial services provider reported earnings of $2.50 per share for the latest quarter, exceeding analysts' estimates significantly while facing a 1.8% decline in year-over-year revenue.
• Synchrony Financial recently declared a quarterly dividend of $0.30, with a current dividend yield of 1.6% and a payout ratio of 14.56%.

Truvestments Capital LLC purchased a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,885 shares of the financial services provider's stock, valued at approximately $576,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYF. Nuveen LLC bought a new stake in Synchrony Financial during the first quarter worth $175,294,000. Sachem Head Capital Management LP bought a new stake in Synchrony Financial during the fourth quarter worth $142,838,000. Massachusetts Financial Services Co. MA raised its position in Synchrony Financial by 755.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,179,984 shares of the financial services provider's stock worth $115,408,000 after acquiring an additional 1,925,217 shares in the last quarter. Azora Capital LP raised its position in Synchrony Financial by 700.5% during the fourth quarter. Azora Capital LP now owns 2,107,839 shares of the financial services provider's stock worth $137,010,000 after acquiring an additional 1,844,509 shares in the last quarter. Finally, Assetmark Inc. raised its position in Synchrony Financial by 129.5% during the first quarter. Assetmark Inc. now owns 3,051,160 shares of the financial services provider's stock worth $161,528,000 after acquiring an additional 1,721,891 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Synchrony Financial from $52.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Wells Fargo & Company increased their price objective on shares of Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Morgan Stanley increased their price objective on shares of Synchrony Financial from $48.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, BTIG Research raised shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research report on Monday, July 14th. 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 presently has an average rating of "Moderate Buy" and an average price target of $74.05.

Synchrony Financial Stock Performance

NYSE:SYF traded down $0.15 during mid-day trading on Friday, reaching $76.43. 2,404,313 shares of the company's stock were exchanged, compared to its average volume of 3,180,107. Synchrony Financial has a one year low of $40.54 and a one year high of $77.15. The firm has a market capitalization of $28.44 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.76 and a beta of 1.49. The business's fifty day simple moving average is $70.44 and its two-hundred day simple moving average is $60.72. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.78. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the firm earned $1.55 earnings per share. Synchrony Financial's revenue for the quarter was down 1.8% compared to the same quarter last year. Synchrony Financial has set its FY 2025 guidance at EPS. 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 declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial's dividend payout ratio (DPR) is currently 14.56%.

Insider Buying and Selling

In other Synchrony Financial 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 transaction of $40,770.00. Following the sale, the insider directly owned 21,372 shares in the company, valued at $1,452,227.40. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Curtis Howse sold 11,380 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the sale, the insider owned 108,062 shares in the company, valued at $7,024,030. The trade was a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,494 shares of company stock valued at $1,376,450. 0.32% of the stock is owned by company insiders.

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.