Synchrony Financial $SYF Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its stake in shares of Synchrony Financial (NYSE:SYF) by 20.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,668 shares of the financial services provider’s stock after purchasing an additional 14,684 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Synchrony Financial were worth $5,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. raised its position in shares of Synchrony Financial by 5.5% during the 2nd 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 last quarter. MAI Capital Management raised its holdings in Synchrony Financial by 36.3% in the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 167 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Synchrony Financial by 0.8% in the 1st quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider’s stock valued at $1,366,000 after acquiring an additional 197 shares during the last quarter. Horizon Investments LLC raised its holdings in Synchrony Financial by 3.7% in the 1st quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 198 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in Synchrony Financial by 2.6% in the 1st quarter. Synovus Financial Corp now owns 9,223 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Up 3.2%

Shares of NYSE SYF opened at $70.19 on Tuesday. The company has a 50 day simple moving average of $73.24 and a 200-day simple moving average of $64.33. The company has a market capitalization of $26.12 billion, a P/E ratio of 8.52, a P/E/G ratio of 0.68 and a beta of 1.50. The company has a debt-to-equity ratio of 1.02, 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 posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.78. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.56%.

Analyst Ratings Changes

A number of analysts have commented on the stock. BTIG Research upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, July 14th. Keefe, Bruyette & Woods increased their price objective on shares of Synchrony Financial from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. UBS Group increased their price objective 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. JMP Securities increased their price objective on shares of Synchrony Financial from $77.00 to $88.00 and gave the company a “market outperform” rating in a report on Thursday, September 25th. Finally, Wells Fargo & Company increased their price objective on shares of Synchrony Financial from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.45.

Insider Buying and Selling

In related news, insider Darrell Owens sold 600 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $67.95, for a total transaction of $40,770.00. Following the completion of the transaction, the insider owned 21,372 shares of the company’s stock, valued at approximately $1,452,227.40. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the stock in a transaction that occurred on 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 directly owned 68,588 shares of the company’s stock, valued at $4,801,160. The trade was a 11.04% decrease in their position. The disclosure for this sale can be found here. Company 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.