Synchrony Financial $SYF Shares Purchased by United Asset Strategies Inc.

United Asset Strategies Inc. increased its position in shares of Synchrony Financial (NYSE:SYF) by 4.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,326 shares of the financial services provider’s stock after buying an additional 6,170 shares during the period. United Asset Strategies Inc.’s holdings in Synchrony Financial were worth $7,482,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Synchrony Financial by 30.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 73,136 shares of the financial services provider’s stock valued at $3,895,000 after acquiring an additional 17,061 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Synchrony Financial in the 1st quarter valued at $11,506,000. BTC Capital Management Inc. boosted its stake in Synchrony Financial by 25.9% during the 1st quarter. BTC Capital Management Inc. now owns 65,835 shares of the financial services provider’s stock worth $3,485,000 after purchasing an additional 13,526 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Synchrony Financial by 70.2% during the first quarter. Merit Financial Group LLC now owns 10,657 shares of the financial services provider’s stock worth $564,000 after buying an additional 4,397 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Synchrony Financial by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 236,967 shares of the financial services provider’s stock valued at $12,545,000 after buying an additional 5,765 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Evercore ISI lowered their price target on shares of Synchrony Financial from $64.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Rothschild & Co Redburn began coverage on Synchrony Financial in a report on Friday, August 1st. They set a “neutral” rating and a $72.00 target price on the stock. Redburn Atlantic upgraded Synchrony Financial to a “hold” rating in a research report on Friday, August 1st. Finally, Morgan Stanley lifted their price objective 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. Twelve research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and an average target price of $74.05.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $71.6010 on Thursday. The firm has a 50 day simple moving average of $68.55 and a 200-day simple moving average of $60.37. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $73.76. 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 stock has a market cap of $26.64 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.49.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $1.72 by $0.78. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio is currently 14.56%.

Insider Buying and Selling

In related news, insider Curtis Howse sold 11,380 shares of the business’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total value of $739,700.00. Following the sale, the insider directly owned 108,062 shares in the company, valued at approximately $7,024,030. The trade was a 9.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Darrell Owens sold 600 shares of the company’s 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 completion of the transaction, the insider directly owned 21,372 shares in the company, valued at $1,452,227.40. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,494 shares of company stock valued at $1,376,450. 0.32% of the stock is currently owned by insiders.

Synchrony Financial Company 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.