Prime Capital Investment Advisors LLC Has $417,000 Stock Holdings in Synchrony Financial $SYF

Prime Capital Investment Advisors LLC decreased its holdings in Synchrony Financial (NYSE:SYF) by 12.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,251 shares of the financial services provider’s stock after selling 908 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Synchrony Financial were worth $417,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. MAI Capital Management raised its position in Synchrony Financial by 36.3% in the first quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 167 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Synchrony Financial by 0.8% in the 1st quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider’s stock worth $1,366,000 after buying an additional 197 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Synchrony Financial by 3.7% in the 1st quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider’s stock worth $295,000 after buying an additional 198 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Synchrony Financial by 2.6% in the 1st quarter. Synovus Financial Corp now owns 9,223 shares of the financial services provider’s stock worth $488,000 after buying an additional 230 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Synchrony Financial by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 8,402 shares of the financial services provider’s stock worth $589,000 after buying an additional 241 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SYF shares. Evercore ISI increased their price objective on Synchrony Financial from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. BTIG Research upgraded shares of 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. UBS Group increased their target price on shares of Synchrony Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $75.00 price objective (down previously from $80.00) on shares of Synchrony Financial in a report on Tuesday. Finally, Bank of America raised their price objective on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and an average target price of $77.45.

Insiders Place Their Bets

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of Synchrony Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $67.95, for a total transaction of $40,770.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $595,980.00. Following the sale, the insider directly owned 68,588 shares of the company’s stock, valued at $4,801,160. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

Synchrony Financial Stock Down 4.1%

NYSE SYF opened at $68.07 on Friday. The stock has a fifty day moving average of $73.22 and a 200-day moving average of $64.07. The stock has a market capitalization of $25.33 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.71 and a beta of 1.50. 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 1.02, a quick ratio of 1.24 and a current ratio of 1.24.

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

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Synchrony Financial’s payout ratio is currently 14.56%.

Synchrony Financial 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.