Rockefeller Capital Management L.P. Raises Stock Holdings in Synchrony Financial $SYF

Rockefeller Capital Management L.P. lifted its stake in Synchrony Financial (NYSE:SYF) by 29.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,841 shares of the financial services provider’s stock after buying an additional 8,483 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Synchrony Financial were worth $2,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its holdings in Synchrony Financial by 15.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,106 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 145 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Synchrony Financial by 5.5% in the second quarter. Blue Trust Inc. now owns 3,168 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 166 shares during the period. MAI Capital Management increased its stake in shares of Synchrony Financial by 36.3% in the first quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 167 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Synchrony Financial by 0.8% during the 1st quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider’s stock valued at $1,366,000 after purchasing an additional 197 shares during the period. Finally, Horizon Investments LLC lifted its stake in shares of Synchrony Financial by 3.7% during the 1st quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider’s stock valued at $295,000 after buying an additional 198 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SYF has been the subject of a number of analyst reports. BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of Synchrony Financial in a research note on Thursday, October 16th. HSBC raised Synchrony Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $73.00 to $81.00 in a research note on Friday, October 10th. UBS Group lifted their target price on Synchrony Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Redburn Atlantic upgraded Synchrony Financial to a “hold” rating in a research note on Friday, August 1st. Finally, Bank of America lifted their price objective on shares of Synchrony Financial from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.38.

Synchrony Financial Stock Performance

NYSE SYF opened at $74.62 on Monday. The stock has a market capitalization of $26.88 billion, a PE ratio of 8.15, a P/E/G ratio of 0.53 and a beta of 1.51. The business has a 50 day simple moving average of $73.13 and a two-hundred day simple moving average of $69.27. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $77.41.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.64. The business had revenue of $3.82 billion for 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 company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Wednesday, November 5th were given a dividend of $0.30 per share. The ex-dividend date was 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 announced that its board has initiated a stock repurchase plan on Wednesday, October 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Synchrony Financial

In related news, insider Darrell Owens sold 2,989 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $74.02, for a total value of $221,245.78. Following the completion of the transaction, the insider owned 16,096 shares of the company’s stock, valued at approximately $1,191,425.92. This trade represents a 15.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Mothner sold 32,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $72.80, for a total value of $2,329,600.00. Following the sale, the insider directly owned 127,100 shares in the company, valued at $9,252,880. The trade was a 20.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 55,075 shares of company stock valued at $4,036,892. Corporate insiders own 0.33% of the company’s stock.

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.