Synchrony Financial $SYF Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its holdings in shares of Synchrony Financial (NYSE:SYF) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 188,353 shares of the financial services provider’s stock after selling 10,938 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.05% of Synchrony Financial worth $13,382,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SYF. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of Synchrony Financial in the second quarter worth about $26,000. Salomon & Ludwin LLC lifted its stake in Synchrony Financial by 54.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 146 shares in the last quarter. True Wealth Design LLC lifted its stake in 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 worth $31,000 after purchasing an additional 463 shares in 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 worth $31,000 after purchasing an additional 455 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Synchrony Financial during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

SYF stock opened at $88.45 on Wednesday. The business’s fifty day moving average price is $79.14 and its 200 day moving average price is $74.44. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $88.53. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $31.86 billion, a PE ratio of 9.66, a P/E/G ratio of 0.60 and a beta of 1.43.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Wednesday, October 15th. The financial services provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.64. The company had revenue of $3.82 billion during 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%.Synchrony Financial’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business posted $1.94 EPS. On average, sell-side analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial declared that its board has approved a stock buyback program on Wednesday, October 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 3.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Wednesday, November 5th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. Synchrony Financial’s payout ratio is 13.10%.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 2,989 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $74.02, for a total value of $221,245.78. Following the completion of the transaction, the insider owned 16,096 shares of the company’s stock, valued at $1,191,425.92. This trade represents a 15.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 value of $894,605.72. Following the sale, the insider directly owned 108,271 shares in the company, valued at $8,014,219.42. This represents a 10.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 55,075 shares of company stock worth $4,036,892. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SYF has been the subject of several recent research reports. Truist Financial increased their price target on Synchrony Financial from $78.00 to $92.00 and gave the company a “hold” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $75.00 price target (down previously from $80.00) on shares of Synchrony Financial in a report on Tuesday, October 7th. Barclays boosted their price target on shares of Synchrony Financial from $86.00 to $101.00 and gave the company an “overweight” rating in a research report on Tuesday. Robert W. Baird restated a “neutral” rating and set a $82.00 price objective on shares of Synchrony Financial in a research report on Friday, December 5th. Finally, Wells Fargo & Company lifted their target price on shares of Synchrony Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.11.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.