Synchrony Financial $SYF Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF) by 8.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,183 shares of the financial services provider’s stock after selling 202 shares during the period. Farther Finance Advisors LLC’s holdings in Synchrony Financial were worth $146,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SYF. Zions Bancorporation National Association UT acquired a new position in shares of Synchrony Financial during the first quarter valued at $30,000. Geneos Wealth Management Inc. boosted its stake in Synchrony Financial by 337.0% during the first 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 in the last quarter. MAI Capital Management boosted its stake in Synchrony Financial by 36.3% during the first 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 in the last quarter. Headlands Technologies LLC bought a new position in Synchrony Financial during the first quarter valued at about $34,000. Finally, CVA Family Office LLC boosted its stake in Synchrony Financial by 355.9% during the first 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 in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on SYF shares. JPMorgan Chase & Co. raised their target price on Synchrony Financial from $52.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Wells Fargo & Company raised their target price on Synchrony Financial from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group raised their target price on Synchrony Financial from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods increased their price target on Synchrony Financial from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Evercore ISI increased their price target on Synchrony Financial from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday. Twelve analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.68.

Synchrony Financial Trading Up 0.5%

NYSE:SYF opened at $70.21 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.24 and a quick 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 stock’s 50-day moving average is $73.24 and its two-hundred day moving average is $63.40. The stock has a market cap of $26.12 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 0.70 and a beta of 1.50.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.78. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued 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 Tuesday, August 5th. Synchrony Financial’s payout ratio is currently 14.56%.

Insider Activity

In other news, insider Darrell Owens sold 600 shares of Synchrony Financial stock in a transaction dated 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 in the company, valued at $1,452,227.40. The trade was a 2.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $595,980.00. Following the sale, the insider owned 68,588 shares of the company’s stock, valued at approximately $4,801,160. This represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

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.