GDS Wealth Management Sells 1,378 Shares of Synchrony Financial $SYF

GDS Wealth Management cut its holdings in Synchrony Financial (NYSE:SYF) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,110 shares of the financial services provider’s stock after selling 1,378 shares during the period. GDS Wealth Management’s holdings in Synchrony Financial were worth $2,076,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Zions Bancorporation National Association UT acquired a new stake in shares of Synchrony Financial in the first quarter worth about $30,000. True Wealth Design LLC raised its stake in shares of 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 valued at $31,000 after acquiring an additional 463 shares in the last quarter. Geneos Wealth Management Inc. lifted 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 worth $31,000 after purchasing an additional 455 shares during the last quarter. MAI Capital Management boosted its position in Synchrony Financial by 36.3% during 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 during the period. Finally, Headlands Technologies LLC acquired a new position in Synchrony Financial during the first quarter valued at approximately $34,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 12,086 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $74.02, for a total value of $894,605.72. Following the sale, the insider owned 108,271 shares of the company’s stock, valued at $8,014,219.42. The trade was a 10.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arthur W. Coviello, Jr. sold 8,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $73.93, for a total transaction of $591,440.00. Following the transaction, the director directly owned 35,769 shares of the company’s stock, valued at $2,644,402.17. The trade was a 18.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 55,075 shares of company stock valued at $4,036,892. Company insiders own 0.32% of the company’s stock.

Synchrony Financial Stock Up 1.8%

NYSE SYF opened at $72.51 on Thursday. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.41. The stock has a market cap of $26.12 billion, a PE ratio of 7.92, a PEG ratio of 0.51 and a beta of 1.51. The firm has a 50-day simple moving average of $73.22 and a 200 day simple moving average of $68.88. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.64. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.79 billion. Synchrony Financial had a return on equity of 22.96% and a net margin of 15.84%.The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial announced that its board has authorized a share buyback plan on Wednesday, October 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 3.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Wednesday, November 5th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Synchrony Financial’s payout ratio is currently 13.10%.

Analysts Set New Price Targets

SYF has been the topic of a number of research analyst reports. Redburn Atlantic upgraded shares of Synchrony Financial to a “hold” rating in a research note on Friday, August 1st. Evercore ISI raised 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, September 30th. Bank of America boosted their price objective on Synchrony Financial from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Morgan Stanley raised their target price on Synchrony Financial from $72.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, Barclays lifted their price target on Synchrony Financial from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Synchrony Financial currently has a consensus rating of “Moderate Buy” and an average target price of $81.38.

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.