Verdence Capital Advisors LLC Purchases 5,313 Shares of Synchrony Financial $SYF

Verdence Capital Advisors LLC grew its position in Synchrony Financial (NYSE:SYF) by 18.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,376 shares of the financial services provider’s stock after acquiring an additional 5,313 shares during the period. Verdence Capital Advisors LLC’s holdings in Synchrony Financial were worth $2,294,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Synchrony Financial by 30.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 73,136 shares of the financial services provider’s stock valued at $3,895,000 after acquiring an additional 17,061 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Synchrony Financial in the first quarter valued at approximately $11,506,000. AQR Capital Management LLC increased its holdings in shares of Synchrony Financial by 1.3% in the first quarter. AQR Capital Management LLC now owns 4,020,839 shares of the financial services provider’s stock valued at $206,711,000 after purchasing an additional 50,162 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Synchrony Financial by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 236,967 shares of the financial services provider’s stock valued at $12,545,000 after purchasing an additional 5,765 shares in the last quarter. Finally, Clarius Group LLC acquired a new stake in shares of Synchrony Financial in the first quarter valued at approximately $242,000. Institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling at Synchrony Financial

In other news, insider Darrell Owens sold 600 shares of the business’s stock in a transaction on Monday, August 4th. The shares were 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 of the company’s stock, valued at $1,452,227.40. The trade was a 2.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $595,980.00. Following the completion of the transaction, the insider directly owned 68,588 shares of the company’s stock, valued at $4,801,160. This trade represents a 11.04% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SYF. Weiss Ratings reissued a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, October 8th. Hsbc Global Res raised shares of Synchrony Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. UBS Group raised their price target on shares of Synchrony Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Morgan Stanley raised their price target on shares of Synchrony Financial from $72.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, Bank of America raised their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.45.

Synchrony Financial Price Performance

SYF opened at $70.19 on Tuesday. The company has a fifty day moving average price of $73.24 and a two-hundred day moving average price of $64.33. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 52 week low of $40.54 and a 52 week high of $77.41. The firm has a market capitalization of $26.12 billion, a PE ratio of 8.52, a P/E/G ratio of 0.68 and a beta of 1.50.

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

Synchrony Financial Announces Dividend

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

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.