Sanctuary Advisors LLC Lowers Position in Synchrony Financial $SYF

Sanctuary Advisors LLC reduced its position in shares of Synchrony Financial (NYSE:SYF) by 14.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,083 shares of the financial services provider’s stock after selling 8,036 shares during the period. Sanctuary Advisors LLC’s holdings in Synchrony Financial were worth $3,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SYF. FWL Investment Management LLC acquired a new stake in shares of Synchrony Financial in the 3rd quarter valued at approximately $26,000. Fideuram Asset Management Ireland dac acquired a new position in Synchrony Financial during the fourth quarter worth $29,000. Advisors Asset Management Inc. acquired a new stake in Synchrony Financial in the fourth quarter valued at $29,000. Palisade Asset Management LLC acquired a new stake in Synchrony Financial in the third quarter valued at $29,000. Finally, Reflection Asset Management purchased a new stake in shares of Synchrony Financial during the 4th quarter worth $31,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

NYSE SYF opened at $73.48 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. Synchrony Financial has a fifty-two week low of $63.08 and a fifty-two week high of $88.77. The business has a fifty day moving average of $73.17 and a 200-day moving average of $73.30. The stock has a market cap of $24.72 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.69 and a beta of 1.32.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. Synchrony Financial had a return on equity of 23.41% and a net margin of 15.80%.The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the company earned $1.89 earnings per share. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, analysts predict that Synchrony Financial will post 9.34 earnings per share for the current fiscal year.

Synchrony Financial announced that its board has initiated a stock repurchase program on Tuesday, April 21st that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Jonathan S. Mothner sold 51,258 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $71.23, for a total transaction of $3,651,107.34. Following the completion of the transaction, the insider owned 132,664 shares of the company’s stock, valued at approximately $9,449,656.72. This represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

SYF has been the topic of a number of recent analyst reports. Truist Financial upped their price target on shares of Synchrony Financial from $71.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Robert W. Baird raised their price objective on shares of Synchrony Financial from $83.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. TD Cowen boosted their price objective on shares of Synchrony Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Loop Capital assumed coverage on Synchrony Financial in a report on Friday, May 22nd. They issued a “hold” rating and a $81.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.32.

Synchrony Financial Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.