Voleon Capital Management LP Has $2.26 Million Stock Holdings in Synchrony Financial $SYF

Voleon Capital Management LP boosted its holdings in shares of Synchrony Financial (NYSE:SYF) by 67.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,643 shares of the financial services provider’s stock after buying an additional 17,164 shares during the period. Voleon Capital Management LP’s holdings in Synchrony Financial were worth $2,258,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new position in Synchrony Financial during the first quarter worth $30,000. MAI Capital Management raised its holdings 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 buying an additional 167 shares during the last quarter. Headlands Technologies LLC acquired a new position in Synchrony Financial during the first quarter worth $34,000. CVA Family Office LLC grew its stake in shares of Synchrony Financial by 355.9% in the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 541 shares in the last quarter. Finally, TCTC Holdings LLC grew its stake 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 in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Price Performance

SYF opened at $75.17 on Tuesday. The firm has a market cap of $27.97 billion, a P/E ratio of 9.12, a PEG ratio of 0.76 and a beta of 1.48. The firm has a 50-day moving average of $71.70 and a 200 day moving average of $61.18. 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 fifty-two week low of $40.54 and a fifty-two week high of $77.41.

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

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is currently 14.56%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SYF. Rothschild & Co Redburn began coverage on shares of Synchrony Financial in a research note on Friday, August 1st. They issued a “neutral” rating and a $72.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Synchrony Financial from $52.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. JMP Securities upped their target price on shares of Synchrony Financial from $68.00 to $77.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 17th. Wall Street Zen lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, Barclays reduced their target price on shares of Synchrony Financial from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.05.

Insiders Place Their Bets

In other Synchrony Financial news, insider Curtis Howse sold 11,380 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the transaction, the insider owned 108,062 shares in the company, valued at $7,024,030. This trade represents a 9.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $595,980.00. Following the transaction, the insider owned 68,588 shares of the company’s stock, valued at $4,801,160. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,494 shares of company stock worth $1,376,450 over the last quarter. 0.33% of the stock is currently owned by company insiders.

Synchrony Financial Company 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.