Mutual of America Capital Management LLC Has $2.91 Million Stock Position in Synchrony Financial $SYF

Mutual of America Capital Management LLC lowered its holdings in Synchrony Financial (NYSE:SYF) by 3.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,657 shares of the financial services provider’s stock after selling 1,554 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Synchrony Financial were worth $2,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYF. Zions Bancorporation National Association UT acquired a new stake in Synchrony Financial in the 1st quarter valued at approximately $30,000. Geneos Wealth Management Inc. lifted its position in shares of 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 acquiring an additional 455 shares during the period. MAI Capital Management lifted its position in shares of Synchrony Financial by 36.3% in the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 167 shares during the period. Headlands Technologies LLC bought a new stake in shares of Synchrony Financial in the 1st quarter worth approximately $34,000. Finally, TCTC Holdings LLC lifted its position in shares of Synchrony Financial by 89.0% in the 1st quarter. TCTC Holdings LLC now owns 788 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 371 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $74.82 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $27.84 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.73 and a beta of 1.50. Synchrony Financial has a one year low of $40.54 and a one year high of $77.41. The business has a 50 day simple moving average of $73.60 and a 200 day simple moving average of $65.60.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.22 by $0.64. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.79 billion. Synchrony Financial had a return on equity of 22.96% and a net margin of 15.84%.Synchrony Financial’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $1.94 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 3.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Wednesday, November 5th will be given a $0.30 dividend. The ex-dividend date is Wednesday, November 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s payout ratio is presently 13.10%.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of Synchrony Financial stock in a transaction 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 approximately $1,452,227.40. The trade was a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider owned 68,588 shares of the company’s stock, valued at approximately $4,801,160. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SYF. Royal Bank Of Canada raised their price objective on Synchrony Financial from $75.00 to $78.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. JMP Securities raised their price objective on Synchrony Financial from $77.00 to $88.00 and gave the stock a “market outperform” rating in a research report on Thursday, September 25th. Barclays raised their price objective on Synchrony Financial from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Truist Financial reduced their price objective on Synchrony Financial from $82.00 to $78.00 and set a “hold” rating for the company in a research report on Friday, October 17th. Finally, Wall Street Zen upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average target price of $81.38.

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.