Valeo Financial Advisors LLC Invests $232,000 in Synchrony Financial $SYF

Valeo Financial Advisors LLC bought a new position in Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,471 shares of the financial services provider’s stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SYF. Vanguard Group Inc. raised its stake in shares of Synchrony Financial by 0.6% in the first quarter. Vanguard Group Inc. now owns 48,420,051 shares of the financial services provider’s stock valued at $2,563,358,000 after acquiring an additional 281,383 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Synchrony Financial by 6.5% during the 1st quarter. Allianz Asset Management GmbH now owns 5,868,022 shares of the financial services provider’s stock valued at $310,653,000 after purchasing an additional 358,708 shares in the last quarter. Invesco Ltd. increased its holdings in Synchrony Financial by 13.7% during the 1st quarter. Invesco Ltd. now owns 5,858,422 shares of the financial services provider’s stock valued at $310,145,000 after purchasing an additional 706,212 shares in the last quarter. Southpoint Capital Advisors LP grew its holdings in shares of Synchrony Financial by 25.0% during the first quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the financial services provider’s stock worth $264,700,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Synchrony Financial by 36.0% during the first quarter. Ameriprise Financial Inc. now owns 4,900,281 shares of the financial services provider’s stock worth $259,421,000 after purchasing an additional 1,297,859 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of the 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 sale, the insider directly owned 21,372 shares in the company, valued at approximately $1,452,227.40. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the stock in a transaction 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 completion of the sale, the insider owned 68,588 shares in the company, valued at approximately $4,801,160. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.

Synchrony Financial Stock Performance

SYF stock opened at $68.07 on Friday. The business’s fifty day moving average is $73.22 and its 200-day moving average is $64.07. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.02. The company has a market cap of $25.33 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.71 and a beta of 1.50. Synchrony Financial has a twelve month low of $40.54 and a twelve month 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 analysts’ consensus estimates of $1.72 by $0.78. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.71 billion. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. Equities research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.20 annualized dividend and a yield of 1.8%. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.56%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SYF shares. Bank of America upped their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Synchrony Financial in a research note on Wednesday. Evercore ISI boosted their target price on shares of Synchrony Financial from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Barclays raised their price target on shares of Synchrony Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, Wells Fargo & Company increased their price objective on Synchrony Financial from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.45.

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.