180 Wealth Advisors LLC Grows Stock Holdings in Synchrony Financial $SYF

180 Wealth Advisors LLC boosted its holdings in Synchrony Financial (NYSE:SYF) by 49.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,872 shares of the financial services provider’s stock after buying an additional 1,940 shares during the period. 180 Wealth Advisors LLC’s holdings in Synchrony Financial were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SYF. Nuveen LLC purchased a new position in Synchrony Financial in the 1st quarter valued at approximately $175,294,000. Massachusetts Financial Services Co. MA grew its stake in Synchrony Financial by 755.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,179,984 shares of the financial services provider’s stock valued at $115,408,000 after buying an additional 1,925,217 shares in the last quarter. Assetmark Inc. grew its stake in Synchrony Financial by 129.5% in the 1st quarter. Assetmark Inc. now owns 3,051,160 shares of the financial services provider’s stock valued at $161,528,000 after buying an additional 1,721,891 shares in the last quarter. Khrom Capital Management LLC purchased a new position in Synchrony Financial in the 1st quarter valued at approximately $73,699,000. Finally, Ameriprise Financial Inc. grew its stake in Synchrony Financial by 36.0% in the 1st quarter. Ameriprise Financial Inc. now owns 4,900,281 shares of the financial services provider’s stock valued at $259,421,000 after buying an additional 1,297,859 shares in the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Stock Performance

NYSE SYF opened at $74.82 on Friday. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $77.41. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $26.95 billion, a P/E ratio of 8.17, a P/E/G ratio of 0.75 and a beta of 1.50. The company has a fifty day moving average of $73.60 and a 200-day moving average of $65.76.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.64. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.79 billion. Synchrony Financial had a net margin of 15.84% and a return on equity of 22.96%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Wednesday, November 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s payout ratio is currently 13.10%.

Synchrony Financial announced that its board has authorized a stock repurchase program on Wednesday, October 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have commented on SYF. HSBC raised shares of 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 report on Friday, October 10th. Rothschild & Co Redburn began coverage on shares of Synchrony Financial in a report on Friday, August 1st. They issued a “neutral” rating and a $72.00 price target for the company. Wells Fargo & Company raised their price target on shares of Synchrony Financial from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a report on Friday. Finally, Bank of America raised their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.38.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 8,514 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $595,980.00. Following the completion of the sale, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Darrell Owens sold 600 shares of the business’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 completion of the sale, the insider directly 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 disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

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.