Consolidated Planning Corp Increases Position in Synchrony Financial $SYF

Consolidated Planning Corp grew its holdings in Synchrony Financial (NYSE:SYF) by 2.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 117,084 shares of the financial services provider’s stock after buying an additional 2,546 shares during the period. Consolidated Planning Corp’s holdings in Synchrony Financial were worth $7,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new stake in shares of Synchrony Financial in the first quarter valued at about $30,000. Geneos Wealth Management Inc. raised its holdings in shares of Synchrony Financial by 337.0% in the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after buying an additional 455 shares during the last quarter. MAI Capital Management raised its holdings 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 valued at $33,000 after buying an additional 167 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Synchrony Financial in the first quarter valued at about $34,000. Finally, CVA Family Office LLC increased its stake in shares of Synchrony Financial by 355.9% during the first 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 during the period. 96.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SYF has been the topic of a number of recent analyst reports. Redburn Atlantic upgraded shares of Synchrony Financial to a “hold” rating in a research note on Friday, August 1st. JMP Securities boosted their price target on shares of Synchrony Financial from $77.00 to $88.00 and gave the stock a “market outperform” rating in a research note on Thursday, September 25th. Truist Financial boosted their price target on shares of Synchrony Financial from $68.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. BTIG Research upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, July 14th. Finally, Morgan Stanley boosted their price target on shares of Synchrony Financial from $72.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Monday. Twelve investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and an average price target of $76.68.

Insider Activity

In other 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 value of $40,770.00. Following the sale, the insider directly owned 21,372 shares in the company, valued at $1,452,227.40. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the stock in a transaction that occurred 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 sale, the insider owned 68,588 shares in the company, valued at $4,801,160. This represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

Synchrony Financial Trading Down 1.7%

Shares of SYF opened at $69.82 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02. The firm’s 50-day moving average is $73.27 and its two-hundred day moving average is $63.29. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $77.41. The firm has a market capitalization of $25.98 billion, a P/E ratio of 8.47, a PEG ratio of 0.71 and a beta of 1.51.

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

Synchrony Financial Dividend Announcement

The business 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 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, August 5th. Synchrony Financial’s dividend payout ratio is presently 14.56%.

About Synchrony Financial

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.