Interchange Capital Partners LLC Has $100,000 Holdings in Synchrony Financial $SYF

Interchange Capital Partners LLC cut its stake in shares of Synchrony Financial (NYSE:SYF) by 68.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,502 shares of the financial services provider’s stock after selling 3,186 shares during the period. Interchange Capital Partners LLC’s holdings in Synchrony Financial were worth $100,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Twin Tree Management LP lifted its position in Synchrony Financial by 0.3% during the second quarter. Twin Tree Management LP now owns 85,847 shares of the financial services provider’s stock worth $5,729,000 after acquiring an additional 247 shares during the last quarter. Ritholtz Wealth Management lifted its position in Synchrony Financial by 6.9% during the second quarter. Ritholtz Wealth Management now owns 44,418 shares of the financial services provider’s stock worth $2,964,000 after acquiring an additional 2,861 shares during the last quarter. Sagespring Wealth Partners LLC lifted its position in Synchrony Financial by 17.3% during the second quarter. Sagespring Wealth Partners LLC now owns 5,135 shares of the financial services provider’s stock worth $343,000 after acquiring an additional 756 shares during the last quarter. TD Asset Management Inc lifted its position in Synchrony Financial by 1.4% during the second quarter. TD Asset Management Inc now owns 238,665 shares of the financial services provider’s stock worth $15,929,000 after acquiring an additional 3,355 shares during the last quarter. Finally, NorthRock Partners LLC lifted its position in Synchrony Financial by 31.4% during the second quarter. NorthRock Partners LLC now owns 11,695 shares of the financial services provider’s stock worth $781,000 after acquiring an additional 2,792 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on SYF. Evercore ISI raised their price objective on shares of Synchrony Financial from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. 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 research report on Monday, July 14th. Truist Financial raised their target price on shares of Synchrony Financial from $68.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. Wall Street Zen raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Finally, HSBC raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $73.00 to $81.00 in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.45.

Insider Buying and Selling

In related news, insider Darrell Owens sold 600 shares of Synchrony Financial 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 transaction, the insider directly owned 21,372 shares of the company’s stock, valued at $1,452,227.40. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of Synchrony Financial 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 transaction, the insider directly owned 68,588 shares in the company, valued at $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. Company insiders own 0.33% of the company’s stock.

Synchrony Financial Stock Performance

Shares of NYSE:SYF opened at $72.81 on Wednesday. The company’s 50 day simple moving average is $73.30 and its 200 day simple moving average is $64.38. The stock has a market capitalization of $27.09 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 0.70 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 announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.78. The business had revenue of $3.65 billion for 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% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is 14.56%.

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.