Banco Bilbao Vizcaya Argentaria S.A. Sells 3,239 Shares of Synchrony Financial $SYF

Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in shares of Synchrony Financial (NYSE:SYF) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,101 shares of the financial services provider’s stock after selling 3,239 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Synchrony Financial were worth $6,014,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SYF. Zions Bancorporation National Association UT acquired a new stake in Synchrony Financial in the first quarter valued at approximately $30,000. True Wealth Design LLC lifted its stake in shares of Synchrony Financial by 5,787.5% in the 2nd quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 463 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Synchrony Financial by 337.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 455 shares in the last quarter. MAI Capital Management grew its position 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. Finally, Headlands Technologies LLC bought a new stake in Synchrony Financial during the 1st quarter worth $34,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Down 1.0%

Synchrony Financial stock opened at $73.05 on Friday. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 0.73 and a beta of 1.51. 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 firm has a 50 day moving average price of $73.46 and a two-hundred day moving average price of $68.49.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data 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. Synchrony Financial had a net margin of 15.84% and a return on equity of 22.96%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the company posted $1.94 earnings per share. Synchrony Financial’s revenue for the quarter was up .2% compared to the same quarter last year. Synchrony Financial has set its FY 2025 guidance at EPS. Equities analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

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

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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, November 5th. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.10%.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 12,086 shares of Synchrony Financial stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $74.02, for a total value of $894,605.72. Following the completion of the sale, the insider directly owned 108,271 shares in the company, valued at approximately $8,014,219.42. The trade was a 10.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Darrell Owens sold 2,989 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $74.02, for a total value of $221,245.78. Following the transaction, the insider owned 16,096 shares in the company, valued at $1,191,425.92. The trade was a 15.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 23,075 shares of company stock valued at $1,707,292. Corporate insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on SYF shares. BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of Synchrony Financial in a research report on Thursday, October 16th. HSBC upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $73.00 to $81.00 in a report on Friday, October 10th. Redburn Atlantic upgraded shares of Synchrony Financial to a “hold” rating in a research report on Friday, August 1st. Evercore ISI upped their price target on shares of Synchrony Financial from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Finally, UBS Group lifted their price target on shares of Synchrony Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.38.

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.