Robeco Institutional Asset Management B.V. Grows Stock Position in Synchrony Financial $SYF

Robeco Institutional Asset Management B.V. boosted its position in Synchrony Financial (NYSE:SYF) by 42.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,159,748 shares of the financial services provider’s stock after purchasing an additional 946,278 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Synchrony Financial were worth $210,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SYF. Wealth Enhancement Advisory Services LLC increased its position in Synchrony Financial by 220.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 64,145 shares of the financial services provider’s stock worth $4,169,000 after buying an additional 44,150 shares during the last quarter. GAMMA Investing LLC increased its position in Synchrony Financial by 5,889.1% in the first quarter. GAMMA Investing LLC now owns 496,260 shares of the financial services provider’s stock worth $26,272,000 after buying an additional 487,974 shares during the last quarter. Rhumbline Advisers increased its position in Synchrony Financial by 7.1% in the first quarter. Rhumbline Advisers now owns 930,362 shares of the financial services provider’s stock worth $49,253,000 after buying an additional 61,436 shares during the last quarter. Czech National Bank increased its position in Synchrony Financial by 5.8% in the first quarter. Czech National Bank now owns 89,289 shares of the financial services provider’s stock worth $4,727,000 after buying an additional 4,871 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in Synchrony Financial by 70.2% in the first quarter. Merit Financial Group LLC now owns 10,657 shares of the financial services provider’s stock worth $564,000 after buying an additional 4,397 shares during the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $69.82 on Thursday. Synchrony Financial has a 52 week low of $40.54 and a 52 week high of $77.41. The business has a 50-day simple moving average of $73.27 and a 200 day simple moving average of $63.29. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The stock has a market cap of $25.98 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 0.71 and a beta of 1.51.

Synchrony Financial (NYSE:SYF) last posted 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. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the business earned $1.55 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, August 5th. Synchrony Financial’s payout ratio is presently 14.56%.

Insider Activity

In related news, insider Brian J. Sr. Wenzel sold 8,514 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $595,980.00. Following the completion of the transaction, the insider directly owned 68,588 shares in the company, valued at $4,801,160. The trade was a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Darrell Owens sold 600 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $67.95, for a total value of $40,770.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Analysts Set New Price Targets

SYF has been the subject of a number of recent research reports. BTIG Research raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday, July 14th. Wells Fargo & Company lifted their price target on Synchrony Financial from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Evercore ISI lifted 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. Finally, JPMorgan Chase & Co. lifted their price target on Synchrony Financial from $52.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Twelve research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.68.

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.