Verdence Capital Advisors LLC Has $2.29 Million Stake in Synchrony Financial $SYF

Key Points

• Verdence Capital Advisors LLC increased its stake in Synchrony Financial by 18.3% during the 2nd quarter, owning 34,376 shares valued at approximately $2.29 million.
• Despite a revenue decline of 1.8% compared to the same quarter last year, Synchrony Financial reported a quarterly EPS of $2.50, beating analysts' expectations.
• Synchrony Financial's recent quarterly dividend payout was $0.30 per share, reflecting an annualized yield of 1.7% with a low dividend payout ratio of 14.56%.

Verdence Capital Advisors LLC boosted its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 18.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,376 shares of the financial services provider's stock after buying an additional 5,313 shares during the quarter. Verdence Capital Advisors LLC's holdings in Synchrony Financial were worth $2,294,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Synchrony Financial by 0.6% in the first quarter. Vanguard Group Inc. now owns 48,420,051 shares of the financial services provider's stock valued at $2,563,358,000 after purchasing an additional 281,383 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Synchrony Financial by 6.5% in the first quarter. Allianz Asset Management GmbH now owns 5,868,022 shares of the financial services provider's stock valued at $310,653,000 after purchasing an additional 358,708 shares during the last quarter. Invesco Ltd. grew its position in shares of Synchrony Financial by 13.7% in the first quarter. Invesco Ltd. now owns 5,858,422 shares of the financial services provider's stock valued at $310,145,000 after purchasing an additional 706,212 shares during the last quarter. Southpoint Capital Advisors LP grew its position in shares of Synchrony Financial by 25.0% in the first quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the financial services provider's stock valued at $264,700,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Synchrony Financial by 36.0% in the first quarter. Ameriprise Financial Inc. now owns 4,900,281 shares of the financial services provider's stock valued at $259,421,000 after purchasing an additional 1,297,859 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 8,514 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 68,588 shares in the company, valued at $4,801,160. This trade represents a 11.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Darrell Owens sold 600 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $67.95, for a total transaction 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. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Synchrony Financial Stock Up 3.2%

Shares of SYF opened at $70.19 on Tuesday. The stock has a market cap of $26.12 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 0.68 and a beta of 1.50. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $77.41. The company has a 50-day moving average price of $73.24 and a two-hundred day moving average price of $64.33.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced 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. The firm had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. Equities analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were paid 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 1.7%. Synchrony Financial's dividend payout ratio (DPR) is currently 14.56%.

Analyst Upgrades and Downgrades

SYF has been the topic of several research analyst reports. BTIG Research raised Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research report on Monday, July 14th. HSBC raised Synchrony Financial from a "hold" rating to a "buy" rating and raised their price target for the company from $73.00 to $81.00 in a research report on Friday. Wells Fargo & Company raised their price target on Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted 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, Bank of America lifted their target price on Synchrony Financial from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Synchrony Financial has an average rating of "Moderate Buy" and an average target price of $77.45.

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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