U.S. Capital Wealth Advisors LLC Raises Stock Holdings in Synchrony Financial $SYF

Key Points

• U.S. Capital Wealth Advisors LLC increased its stock holdings in Synchrony Financial by 2.3%, owning approximately 222,308 shares valued at $14.8 million as of the end of the second quarter.
• Synchrony Financial reported earnings of $2.50 per share, exceeding expectations, although revenue fell 1.8% year-over-year with a total of $3.65 billion.
• The company's recent quarterly dividend was set at $0.30, resulting in an annualized yield of 1.6% and a payout ratio of 14.56%.

U.S. Capital Wealth Advisors LLC boosted its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,308 shares of the financial services provider's stock after buying an additional 4,967 shares during the quarter. U.S. Capital Wealth Advisors LLC owned 0.06% of Synchrony Financial worth $14,837,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Synchrony Financial by 30.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 73,136 shares of the financial services provider's stock worth $3,895,000 after purchasing an additional 17,061 shares in the last quarter. AQR Capital Management LLC lifted its stake in Synchrony Financial by 1.3% during the first quarter. AQR Capital Management LLC now owns 4,020,839 shares of the financial services provider's stock worth $206,711,000 after purchasing an additional 50,162 shares in the last quarter. BTC Capital Management Inc. boosted its holdings in Synchrony Financial by 25.9% in the first quarter. BTC Capital Management Inc. now owns 65,835 shares of the financial services provider's stock valued at $3,485,000 after purchasing an additional 13,526 shares during the period. Merit Financial Group LLC lifted its position in shares of Synchrony Financial by 70.2% during the 1st quarter. Merit Financial Group LLC now owns 10,657 shares of the financial services provider's stock worth $564,000 after purchasing an additional 4,397 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Synchrony Financial by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 236,967 shares of the financial services provider's stock worth $12,545,000 after buying an additional 5,765 shares during the last quarter. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Price Performance

NYSE:SYF traded down $0.97 during trading hours on Monday, reaching $75.62. 3,205,178 shares of the company were exchanged, compared to its average volume of 3,073,626. The business has a 50 day moving average of $72.84 and a 200 day moving average of $62.43. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $77.41. 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 company has a market capitalization of $28.14 billion, a P/E ratio of 9.18, a P/E/G ratio of 0.77 and a beta of 1.48.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results 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. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the firm posted $1.55 EPS. The company'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. Research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid a $0.30 dividend. 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 currently 14.56%.

Insider Activity

In other Synchrony Financial 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 value of $40,770.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 completion of the transaction, the insider directly owned 108,062 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 20,494 shares of company stock worth $1,376,450. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SYF shares. Redburn Atlantic upgraded Synchrony Financial to a "hold" rating in a research note on Friday, August 1st. Royal Bank Of Canada boosted their price target on Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Morgan Stanley upped their target price on Synchrony Financial from $48.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Wall Street Zen raised Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Rothschild & Co Redburn assumed coverage on shares of Synchrony Financial in a research note on Friday, August 1st. They issued a "neutral" rating and a $72.00 price objective on the stock. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $73.79.

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.