Synchrony Financial $SYF Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its stake in Synchrony Financial (NYSE:SYF) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,168 shares of the financial services provider’s stock after acquiring an additional 166 shares during the period. Blue Trust Inc.’s holdings in Synchrony Financial were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Zions Bancorporation National Association UT bought a new stake in shares of Synchrony Financial in the 1st quarter worth approximately $30,000. Geneos Wealth Management Inc. raised its holdings in shares of Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 455 shares in the last quarter. MAI Capital Management raised its holdings in shares of Synchrony Financial by 36.3% in the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 167 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Synchrony Financial in the 1st quarter worth approximately $34,000. Finally, TCTC Holdings LLC raised its holdings in shares of Synchrony Financial by 89.0% in the 1st quarter. TCTC Holdings LLC now owns 788 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 371 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

SYF stock opened at $72.81 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $27.09 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 0.70 and a beta of 1.50. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $77.41. The firm has a 50 day moving average of $73.30 and a two-hundred day moving average of $64.38.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $1.72 by $0.78. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial’s payout ratio is currently 14.56%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Synchrony Financial from $75.00 to $78.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Evercore ISI boosted their target price on shares of Synchrony Financial from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, October 8th. Bank of America boosted their target price on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Finally, UBS Group boosted their price target on shares of Synchrony Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. One investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.45.

Insider Activity at Synchrony Financial

In related news, insider Brian J. Sr. Wenzel sold 8,514 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 68,588 shares of the company’s stock, valued at approximately $4,801,160. This represents a 11.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Darrell Owens sold 600 shares of the company’s stock in a transaction on Monday, August 4th. The stock was 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 of the company’s stock, valued at approximately $1,452,227.40. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

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.