Aberdeen Group plc Buys 37,593 Shares of Synchrony Financial $SYF

Aberdeen Group plc raised its stake in Synchrony Financial (NYSE:SYF) by 10.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 381,800 shares of the financial services provider’s stock after acquiring an additional 37,593 shares during the quarter. Aberdeen Group plc owned approximately 0.10% of Synchrony Financial worth $25,481,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Zions Bancorporation National Association UT bought a new position in Synchrony Financial in the 1st quarter valued at approximately $30,000. Geneos Wealth Management Inc. raised its holdings in Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after buying an additional 455 shares during the last quarter. MAI Capital Management raised its holdings in Synchrony Financial by 36.3% in the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock valued at $33,000 after buying an additional 167 shares during the last quarter. Headlands Technologies LLC bought a new position in Synchrony Financial in the 1st quarter valued at approximately $34,000. Finally, CVA Family Office LLC raised its holdings in Synchrony Financial by 355.9% in the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider’s stock valued at $37,000 after buying an additional 541 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

SYF has been the subject of a number of research reports. Wall Street Zen upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Barclays raised their price objective on shares of Synchrony Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Monday, October 6th. JPMorgan Chase & Co. restated 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. Royal Bank Of Canada raised their price target on shares of Synchrony Financial from $75.00 to $78.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Synchrony Financial from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and an average price target of $77.45.

Synchrony Financial Stock Performance

NYSE:SYF opened at $70.19 on Tuesday. The company has a fifty day moving average of $73.24 and a 200-day moving average of $64.33. The firm has a market capitalization of $26.12 billion, a P/E ratio of 8.52, a P/E/G ratio of 0.68 and a beta of 1.50. 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 has a twelve month low of $40.54 and a twelve month high of $77.41.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.78. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. Synchrony Financial’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Synchrony Financial’s payout ratio is currently 14.56%.

Insider Buying and Selling at Synchrony Financial

In other news, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $595,980.00. Following the completion of the sale, the insider owned 68,588 shares in the company, valued at $4,801,160. The trade was a 11.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 $1,452,227.40. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

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.