MassMutual Private Wealth & Trust FSB Has $130,000 Position in Synchrony Financial $SYF

MassMutual Private Wealth & Trust FSB trimmed its position in shares of Synchrony Financial (NYSE:SYF) by 19.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,945 shares of the financial services provider’s stock after selling 466 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Synchrony Financial were worth $130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SYF. Zions Bancorporation National Association UT acquired a new position in shares of Synchrony Financial in the 1st quarter valued at $30,000. Geneos Wealth Management Inc. grew 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 valued at $31,000 after buying an additional 455 shares during the period. MAI Capital Management grew 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 valued at $33,000 after buying an additional 167 shares during the period. Headlands Technologies LLC acquired a new position in shares of Synchrony Financial in the 1st quarter valued at $34,000. Finally, CVA Family Office LLC grew its holdings in shares of Synchrony Financial by 355.9% in the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider’s stock valued at $37,000 after buying an additional 541 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SYF. Bank of America boosted 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. Truist Financial boosted their price target on shares of Synchrony Financial from $68.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company raised their price objective 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. Finally, The Goldman Sachs Group raised their price objective 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. Twelve analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $73.79.

Synchrony Financial Stock Performance

Shares of SYF opened at $76.56 on Friday. The company has a market cap of $28.48 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 0.77 and a beta of 1.49. 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 firm has a 50-day moving average of $72.74 and a 200-day moving average of $62.18. Synchrony Financial has a one year low of $40.54 and a one year high of $77.41.

Synchrony Financial (NYSE:SYF) last announced 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 business 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%. Synchrony Financial’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

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

Insider Buying and Selling

In related news, insider Darrell Owens sold 600 shares of Synchrony Financial 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 sale, the insider owned 21,372 shares of the company’s stock, valued at approximately $1,452,227.40. The trade was a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Curtis Howse sold 11,380 shares of Synchrony Financial stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the sale, the insider directly owned 108,062 shares of the company’s stock, valued at $7,024,030. The trade was a 9.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,494 shares of company stock valued at $1,376,450. Company insiders own 0.32% 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.