Synchrony Financial $SYF Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its position in shares of Synchrony Financial (NYSE:SYF) by 22.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,038 shares of the financial services provider’s stock after selling 2,575 shares during the period. Stratos Wealth Partners LTD.’s holdings in Synchrony Financial were worth $603,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Applied Finance Capital Management LLC grew its holdings in Synchrony Financial by 5.8% during the 2nd quarter. Applied Finance Capital Management LLC now owns 10,260 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 561 shares in the last quarter. Nordea Investment Management AB grew its holdings in Synchrony Financial by 8.7% during the 2nd quarter. Nordea Investment Management AB now owns 4,209,243 shares of the financial services provider’s stock worth $280,672,000 after acquiring an additional 335,239 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super grew its holdings in Synchrony Financial by 7.7% during the 2nd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 596,368 shares of the financial services provider’s stock worth $39,802,000 after acquiring an additional 42,739 shares in the last quarter. Twin Tree Management LP grew its holdings in Synchrony Financial by 0.3% during the 2nd 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 in the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Synchrony Financial by 6.9% during the 2nd 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 in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Trading Up 0.3%

NYSE SYF opened at $73.23 on Friday. Synchrony Financial has a one year low of $40.54 and a one year high of $77.41. The company has a 50-day simple moving average of $73.53 and a 200-day simple moving average of $65.39. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $27.24 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 0.73 and a beta of 1.50.

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

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

Analysts Set New Price Targets

Several research analysts have weighed in on SYF shares. Rothschild & Co Redburn started coverage on shares of Synchrony Financial in a report on Friday, August 1st. They set a “neutral” rating and a $72.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Synchrony Financial from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Redburn Atlantic raised shares of Synchrony Financial to a “hold” rating in a report on Friday, August 1st. Wall Street Zen raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Finally, BTIG Research reissued a “buy” rating and set a $100.00 price objective on shares of Synchrony Financial in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and an average target price of $81.38.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $67.95, for a total transaction of $40,770.00. Following the completion of the transaction, the insider directly owned 21,372 shares of the company’s stock, valued at $1,452,227.40. The trade was a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $595,980.00. Following the transaction, the insider directly owned 68,588 shares of the company’s stock, valued at $4,801,160. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

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.