39,618 Shares in Synchrony Financial $SYF Acquired by Strs Ohio

Strs Ohio acquired a new position in shares of Synchrony Financial (NYSE:SYF) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,618 shares of the financial services provider’s stock, valued at approximately $2,097,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MAI Capital Management boosted its stake in Synchrony Financial by 36.3% during the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 167 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Synchrony Financial by 0.8% during the 1st quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider’s stock worth $1,366,000 after buying an additional 197 shares during the period. Horizon Investments LLC raised 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 buying an additional 198 shares during the period. Gotham Asset Management LLC raised its holdings in Synchrony Financial by 2.0% during the 4th quarter. Gotham Asset Management LLC now owns 11,505 shares of the financial services provider’s stock worth $748,000 after buying an additional 226 shares during the period. Finally, Synovus Financial Corp raised its holdings in Synchrony Financial by 2.6% during the 1st quarter. Synovus Financial Corp now owns 9,223 shares of the financial services provider’s stock worth $488,000 after buying an additional 230 shares during the period. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Up 1.2%

SYF stock opened at $76.28 on Tuesday. The stock has a market capitalization of $28.38 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.48. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02. 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 price of $72.32 and a 200-day moving average price of $61.74.

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 analysts’ consensus estimates of $1.72 by $0.78. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations 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 prior year, the business earned $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is 14.56%.

Insider Activity at Synchrony Financial

In related news, insider Darrell Owens sold 600 shares of the firm’s 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 completion of the transaction, the insider owned 21,372 shares in the company, valued at $1,452,227.40. This trade represents a 2.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Curtis Howse sold 11,380 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the transaction, the insider owned 108,062 shares of the company’s stock, valued at approximately $7,024,030. This trade represents a 9.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,494 shares of company stock worth $1,376,450 in the last quarter. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on SYF shares. Wells Fargo & Company raised their target price on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Morgan Stanley raised their target price on shares of Synchrony Financial from $48.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. The Goldman Sachs Group raised their target price on shares of Synchrony Financial from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Redburn Atlantic upgraded shares of Synchrony Financial to a “hold” rating in a report on Friday, August 1st. Finally, Bank of America lifted their price objective 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. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $73.79.

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.