Livforsakringsbolaget Skandia Omsesidigt Sells 127,000 Shares of Synchrony Financial $SYF

Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in Synchrony Financial (NYSE:SYF) by 85.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,812 shares of the financial services provider’s stock after selling 127,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Synchrony Financial were worth $1,389,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new stake in shares of Synchrony Financial during the 1st quarter worth approximately $30,000. Geneos Wealth Management Inc. grew its holdings in shares of Synchrony Financial by 337.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 455 shares in the last quarter. MAI Capital Management grew its holdings in shares of Synchrony Financial by 36.3% during the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 167 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Synchrony Financial during the 1st quarter worth approximately $34,000. Finally, CVA Family Office LLC grew its holdings in shares of Synchrony Financial by 355.9% during the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 541 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 11,380 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total value of $739,700.00. Following the transaction, the insider owned 108,062 shares of the company’s stock, valued at approximately $7,024,030. This represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Darrell Owens sold 600 shares of the stock in a transaction dated 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. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,494 shares of company stock valued at $1,376,450. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Synchrony Financial from $52.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Wall Street Zen lowered Synchrony Financial from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. JMP Securities boosted their price target on Synchrony Financial from $68.00 to $77.00 and gave the company a “market outperform” rating in a research note on Thursday, July 17th. Morgan Stanley boosted their price target on Synchrony Financial from $48.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Finally, Rothschild & Co Redburn began coverage on Synchrony Financial in a research note on Friday, August 1st. They issued a “neutral” rating and a $72.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.79.

Synchrony Financial Trading Down 2.4%

NYSE:SYF opened at $74.48 on Wednesday. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $77.41. The business’s 50-day moving average price is $72.43 and its two-hundred day moving average price is $61.83. 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 firm has a market capitalization of $27.71 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.77 and a beta of 1.49.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.78. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%.The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Synchrony Financial has set its FY 2025 guidance at EPS. On average, equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current 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 $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s dividend payout ratio is presently 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.