Synchrony Financial $SYF Shares Purchased by Genus Capital Management Inc.

Genus Capital Management Inc. increased its holdings in shares of Synchrony Financial (NYSE:SYF) by 12.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,410 shares of the financial services provider’s stock after purchasing an additional 9,100 shares during the quarter. Genus Capital Management Inc.’s holdings in Synchrony Financial were worth $5,500,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Synchrony Financial by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 48,420,051 shares of the financial services provider’s stock worth $2,563,358,000 after purchasing an additional 281,383 shares in the last quarter. Allianz Asset Management GmbH increased its position in Synchrony Financial by 6.5% during the 1st quarter. Allianz Asset Management GmbH now owns 5,868,022 shares of the financial services provider’s stock worth $310,653,000 after purchasing an additional 358,708 shares in the last quarter. Invesco Ltd. increased its position in Synchrony Financial by 13.7% during the 1st quarter. Invesco Ltd. now owns 5,858,422 shares of the financial services provider’s stock worth $310,145,000 after purchasing an additional 706,212 shares in the last quarter. Southpoint Capital Advisors LP increased its position in Synchrony Financial by 25.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the financial services provider’s stock worth $264,700,000 after purchasing an additional 1,000,000 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Synchrony Financial by 36.0% during the 1st quarter. Ameriprise Financial Inc. now owns 4,900,281 shares of the financial services provider’s stock worth $259,421,000 after purchasing an additional 1,297,859 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SYF. Morgan Stanley upped their price target on Synchrony Financial from $72.00 to $82.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on Synchrony Financial from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Wall Street Zen upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $75.00 price target (down previously from $80.00) on shares of Synchrony Financial in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.38.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $73.36 on Wednesday. The stock has a market cap of $26.42 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 0.74 and a beta of 1.51. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.91. The stock has a 50 day moving average of $73.78 and a 200-day moving average of $67.30. Synchrony Financial has a 52 week low of $40.54 and a 52 week high of $77.41.

Synchrony Financial (NYSE:SYF) last released its earnings results on Wednesday, October 15th. The financial services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.22 by $0.64. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Synchrony Financial had a return on equity of 22.96% and a net margin of 15.84%.The business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.94 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, analysts expect 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 program on Wednesday, October 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 3.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Wednesday, November 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s dividend payout ratio (DPR) is 13.10%.

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.