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, HoldingsChannel reports. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Applied Finance Capital Management LLC raised its position in shares of 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 buying an additional 561 shares in the last quarter. Nordea Investment Management AB raised its position in shares of 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 buying an additional 335,239 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super raised its position in shares of 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 buying an additional 42,739 shares in the last quarter. Twin Tree Management LP raised its position in shares of 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 buying an additional 247 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of 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 buying an additional 2,861 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Stock Up 0.3%

NYSE SYF opened at $73.23 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’s 50 day simple moving average is $73.53 and its 200 day simple moving average is $65.39. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $77.41. The company has a market capitalization of $27.24 billion, a P/E ratio of 7.99, a PEG ratio of 0.73 and a beta of 1.50.

Synchrony Financial (NYSE:SYF) last released its quarterly 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. 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 for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the business earned $1.94 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Synchrony Financial has set its FY 2025 guidance at EPS. Equities research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

SYF has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Synchrony Financial from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Wells Fargo & Company boosted their price target on shares of Synchrony Financial from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. 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 report on Thursday, September 11th. JMP Securities boosted 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. Finally, Hsbc Global Res upgraded shares of Synchrony Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus target price of $81.38.

Insider Buying and Selling

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing 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 that occurred on Tuesday, August 5th. The stock was 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 $4,801,160. This represents 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.

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.