Synchrony Financial $SYF Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in shares of Synchrony Financial (NYSE:SYF) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,279 shares of the financial services provider’s stock after purchasing an additional 735 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.05% of Synchrony Financial worth $12,699,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its stake in shares of Synchrony Financial by 15.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,106 shares of the financial services provider’s stock valued at $74,000 after buying an additional 145 shares during the period. Blue Trust Inc. raised its holdings in Synchrony Financial by 5.5% in the second quarter. Blue Trust Inc. now owns 3,168 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 166 shares in the last quarter. MAI Capital Management raised its holdings in Synchrony Financial by 36.3% in the first quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 167 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Synchrony Financial by 0.8% in the first quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider’s stock worth $1,366,000 after acquiring an additional 197 shares during the last quarter. Finally, Horizon Investments LLC grew its holdings in Synchrony Financial by 3.7% during the 1st quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 198 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SYF. Barclays raised their price objective on shares of Synchrony Financial from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. UBS Group increased their target price on Synchrony Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Evercore ISI raised their price target on Synchrony Financial from $83.00 to $84.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Bank of America lifted their price target on Synchrony Financial from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Finally, Hsbc Global Res upgraded Synchrony Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.38.

Insider Buying and Selling

In other Synchrony Financial news, Director Arthur W. Coviello, Jr. sold 8,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $73.93, for a total value of $591,440.00. Following the transaction, the director directly owned 35,769 shares of the company’s stock, valued at approximately $2,644,402.17. The trade was a 18.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Curtis Howse sold 12,086 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $74.02, for a total transaction of $894,605.72. Following the transaction, the insider owned 108,271 shares of the company’s stock, valued at approximately $8,014,219.42. The trade was a 10.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 55,075 shares of company stock valued at $4,036,892 in the last ninety days. Company insiders own 0.32% of the company’s stock.

Synchrony Financial Price Performance

Shares of SYF opened at $72.51 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a fifty-two week low of $40.54 and a fifty-two week high of $77.41. The firm has a 50-day simple moving average of $73.22 and a 200-day simple moving average of $68.88. The company has a market capitalization of $26.12 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 0.51 and a beta of 1.51.

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

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Wednesday, November 5th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, November 5th. Synchrony Financial’s dividend payout ratio is 13.10%.

Synchrony Financial declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.