Yousif Capital Management LLC Sells 3,197 Shares of Synchrony Financial $SYF

Yousif Capital Management LLC trimmed its position in shares of Synchrony Financial (NYSE:SYF) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,781 shares of the financial services provider’s stock after selling 3,197 shares during the quarter. Yousif Capital Management LLC’s holdings in Synchrony Financial were worth $4,390,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SYF. GAMMA Investing LLC boosted its position in shares of Synchrony Financial by 13.1% in the 1st quarter. GAMMA Investing LLC now owns 9,374 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 1,088 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Synchrony Financial by 68.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 20,247 shares of the financial services provider’s stock worth $1,072,000 after purchasing an additional 8,242 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Synchrony Financial by 99.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 40,128 shares of the financial services provider’s stock worth $2,124,000 after purchasing an additional 20,040 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Synchrony Financial in the 1st quarter worth approximately $636,000. Finally, Sagespring Wealth Partners LLC boosted its position in shares of Synchrony Financial by 13.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 4,379 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 507 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Performance

SYF stock opened at $72.24 on Thursday. The stock has a market capitalization of $26.88 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.72 and a beta of 1.50. Synchrony Financial has a 12-month low of $40.54 and a 12-month high of $77.41. 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 stock’s 50 day simple moving average is $73.35 and its 200 day simple moving average is $64.44.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.64. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 EPS. Synchrony Financial has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

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

Synchrony Financial announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 3.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Synchrony Financial from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group boosted their price target on Synchrony Financial from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. BTIG Research raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Monday, July 14th. Hsbc Global Res raised Synchrony Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Finally, Barclays upped their price objective on Synchrony Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.45.

Insiders Place Their Bets

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

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.