Vontobel Holding Ltd. Sells 16,945 Shares of Synchrony Financial $SYF

Key Points

• Vontobel Holding Ltd. has reduced its stake in Synchrony Financial by 51.6%, selling 16,945 shares in the second quarter and now holds 15,909 shares worth approximately $1,062,000.
• Synchrony Financial reported earnings per share of $2.50 for the last quarter, surpassing expectations but experiencing a 1.8% year-over-year revenue decline.
• The company recently declared a quarterly dividend of $0.30 per share with a dividend yield of 1.8%, and its payout ratio is currently 14.56%.

Vontobel Holding Ltd. trimmed its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 51.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,909 shares of the financial services provider's stock after selling 16,945 shares during the quarter. Vontobel Holding Ltd.'s holdings in Synchrony Financial were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Shell Asset Management Co. raised its position in shares of Synchrony Financial by 36.4% during the second quarter. Shell Asset Management Co. now owns 94,900 shares of the financial services provider's stock worth $6,334,000 after acquiring an additional 25,337 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in Synchrony Financial by 1.2% in the second quarter. KLP Kapitalforvaltning AS now owns 247,610 shares of the financial services provider's stock worth $16,525,000 after purchasing an additional 2,900 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Synchrony Financial in the second quarter worth approximately $232,000. Strid Group LLC bought a new stake in Synchrony Financial in the second quarter worth approximately $1,257,000. Finally, Checchi Capital Advisers LLC bought a new stake in Synchrony Financial in the second quarter worth approximately $200,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Trading Down 4.1%

NYSE SYF opened at $68.07 on Monday. The company has a market cap of $25.33 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 0.68 and a beta of 1.50. Synchrony Financial has a 52 week low of $40.54 and a 52 week high of $77.41. The business has a 50 day moving average price of $73.22 and a 200-day moving average price of $64.20. 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 (NYSE:SYF - Get Free Report) last announced 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. The company had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.71 billion. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.Synchrony Financial's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Synchrony Financial's payout ratio is presently 14.56%.

Insider Activity at Synchrony Financial

In related news, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $595,980.00. Following the transaction, the insider owned 68,588 shares of the company's stock, valued at $4,801,160. The trade was a 11.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Darrell Owens sold 600 shares of Synchrony Financial stock in a transaction that occurred 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 directly owned 21,372 shares in the company, 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. 0.32% of the stock is owned by insiders.

Analyst Ratings Changes

SYF has been the subject of a number of research analyst reports. 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 report on Thursday, September 11th. Wells Fargo & Company lifted their target price on Synchrony Financial from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Barclays lifted their target price on Synchrony Financial from $80.00 to $83.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Wall Street Zen upgraded Synchrony Financial from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Finally, JMP Securities lifted their target price on Synchrony Financial from $77.00 to $88.00 and gave the stock a "market outperform" rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus 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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