Synchrony Financial $SYF Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its holdings in Synchrony Financial (NYSE:SYF) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 190,279 shares of the financial services provider’s stock after purchasing an additional 735 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Synchrony Financial were worth $12,699,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SYF. Zions Bancorporation National Association UT acquired a new stake in Synchrony Financial in the first quarter valued at $30,000. True Wealth Design LLC increased its holdings in shares of Synchrony Financial by 5,787.5% in the 2nd quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 463 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 455 shares in the last quarter. MAI Capital Management lifted 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 valued at $33,000 after purchasing an additional 167 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Synchrony Financial during the first quarter worth about $34,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling

In related news, Director Arthur W. Coviello, Jr. sold 8,000 shares of Synchrony Financial stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $73.93, for a total transaction of $591,440.00. Following the completion of the sale, the director owned 35,769 shares in the company, valued at approximately $2,644,402.17. This trade represents a 18.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan S. Mothner sold 32,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $72.80, for a total transaction of $2,329,600.00. Following the completion of the transaction, the insider directly owned 127,100 shares of the company’s stock, valued at $9,252,880. The trade was a 20.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 55,075 shares of company stock worth $4,036,892. 0.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SYF shares. Barclays increased their target price on shares of Synchrony Financial from $83.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Synchrony Financial in a report on Wednesday, October 8th. Rothschild & Co Redburn initiated coverage on Synchrony Financial in a research note on Friday, August 1st. They issued a “neutral” rating and a $72.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and set a $100.00 price objective on shares of Synchrony Financial in a report on Thursday, October 16th. Finally, Evercore ISI boosted their target price on Synchrony Financial from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.38.

Synchrony Financial Trading Up 1.8%

Shares of SYF opened at $72.51 on Thursday. 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. The stock has a market cap of $26.12 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 0.51 and a beta of 1.51. The firm has a 50 day simple moving average of $73.22 and a 200-day simple moving average of $68.88.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.64. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.79 billion. Synchrony Financial had a return on equity of 22.96% and a net margin of 15.84%.Synchrony Financial’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. Equities analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 3.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Wednesday, November 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 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 13.10%.

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.