Truvestments Capital LLC Takes Position in Synchrony Financial $SYF

Truvestments Capital LLC bought a new stake in Synchrony Financial (NYSE:SYF) in the 1st quarter, HoldingsChannel.com reports. The firm bought 10,885 shares of the financial services provider’s stock, valued at approximately $576,000.

Several other large investors also recently made changes to their positions in SYF. Nuveen LLC acquired a new stake in shares of Synchrony Financial in the 1st quarter valued at about $175,294,000. Sachem Head Capital Management LP acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at about $142,838,000. Massachusetts Financial Services Co. MA grew its stake in shares of Synchrony Financial by 755.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,179,984 shares of the financial services provider’s stock valued at $115,408,000 after buying an additional 1,925,217 shares during the period. Azora Capital LP grew its stake in shares of Synchrony Financial by 700.5% in the 4th quarter. Azora Capital LP now owns 2,107,839 shares of the financial services provider’s stock valued at $137,010,000 after buying an additional 1,844,509 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Synchrony Financial by 129.5% in the 1st quarter. Assetmark Inc. now owns 3,051,160 shares of the financial services provider’s stock valued at $161,528,000 after buying an additional 1,721,891 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Synchrony Financial

In other news, insider Curtis Howse sold 11,380 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total value of $739,700.00. Following the transaction, the insider owned 108,062 shares in the company, valued at $7,024,030. The trade was a 9.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Darrell Owens sold 600 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was 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. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,494 shares of company stock worth $1,376,450 in the last 90 days. Insiders own 0.32% of the company’s stock.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $75.85 on Thursday. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $76.15. The stock’s 50 day moving average price is $69.85 and its 200-day moving average price is $60.59. The company has a market capitalization of $28.22 billion, a PE ratio of 9.20, a PEG ratio of 0.76 and a beta of 1.49. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.78. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. Synchrony Financial has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company boosted their price objective on Synchrony Financial from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group boosted their price objective on Synchrony Financial from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Redburn Atlantic raised Synchrony Financial to a “hold” rating in a report on Friday, August 1st. JMP Securities boosted their price objective on Synchrony Financial from $68.00 to $77.00 and gave the stock a “market outperform” rating in a report on Thursday, July 17th. Finally, Wall Street Zen lowered Synchrony Financial from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Twelve equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.05.

About Synchrony Financial

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.