Synchrony Financial $SYF Shares Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC increased its holdings in shares of Synchrony Financial (NYSE:SYF) by 17.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,135 shares of the financial services provider’s stock after purchasing an additional 756 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Synchrony Financial were worth $343,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of Synchrony Financial by 5.5% in the 2nd quarter. Blue Trust Inc. now owns 3,168 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 166 shares during the period. MAI Capital Management increased its holdings in Synchrony Financial by 36.3% in the 1st 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 last quarter. Benjamin Edwards Inc. raised its position in Synchrony Financial by 0.8% in the first quarter. Benjamin Edwards Inc. now owns 25,806 shares of the financial services provider’s stock valued at $1,366,000 after purchasing an additional 197 shares during the period. Horizon Investments LLC lifted its stake in Synchrony Financial by 3.7% during the first quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 198 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Synchrony Financial by 2.6% during the first quarter. Synovus Financial Corp now owns 9,223 shares of the financial services provider’s stock worth $488,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SYF. Evercore ISI boosted their price objective on Synchrony Financial from $83.00 to $84.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Bank of America boosted their price target on shares of Synchrony Financial from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. JMP Securities increased 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 report on Thursday, September 25th. UBS Group lifted their price objective on shares of Synchrony Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, Rothschild & Co Redburn began coverage on shares of Synchrony Financial in a research note on Friday, August 1st. They set a “neutral” rating and a $72.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and a consensus price target of $81.38.

Insiders Place Their Bets

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

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $71.58 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $26.63 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 0.70 and a beta of 1.50. The stock’s 50-day moving average is $73.43 and its two-hundred day moving average is $64.68. 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 Wednesday, October 15th. The financial services provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.64. Synchrony Financial had a return on equity of 22.96% and a net margin of 15.84%.The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. Analysts forecast 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. Shareholders of record on Tuesday, August 5th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Synchrony Financial’s dividend payout ratio is currently 14.56%.

Synchrony Financial announced that its board has authorized a stock repurchase program on Wednesday, October 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.