Lecap Asset Management Ltd. Sells 25,042 Shares of Synchrony Financial $SYF

Lecap Asset Management Ltd. lessened its holdings in shares of Synchrony Financial (NYSE:SYF) by 65.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,176 shares of the financial services provider’s stock after selling 25,042 shares during the period. Lecap Asset Management Ltd.’s holdings in Synchrony Financial were worth $879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MAI Capital Management grew its stake in Synchrony Financial by 36.3% in the first 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 in the last quarter. Benjamin Edwards Inc. boosted its stake in Synchrony Financial by 0.8% in the 1st 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 grew its stake in shares of Synchrony Financial by 3.7% in the first quarter. Horizon Investments LLC now owns 5,603 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 198 shares in the last quarter. Synovus Financial Corp increased its holdings 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 purchasing an additional 230 shares during the period. Finally, Wedmont Private Capital raised its holdings in Synchrony Financial by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 8,402 shares of the financial services provider’s stock valued at $589,000 after acquiring an additional 241 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insider Buying and Selling

In other news, 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 in the company, valued at approximately $1,452,227.40. The trade was a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 8,514 shares of the 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 sale, the insider directly owned 68,588 shares in the company, valued at $4,801,160. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

Synchrony Financial Price Performance

NYSE:SYF opened at $70.21 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $77.41. The firm has a market capitalization of $26.12 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 0.70 and a beta of 1.50. The stock has a fifty day moving average of $73.24 and a 200 day moving average of $63.40.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $1.72 by $0.78. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.71 billion. Synchrony Financial had a net margin of 14.43% and a return on equity of 21.34%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. Synchrony Financial has set its FY 2025 guidance at EPS. On average, research analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 5th. Synchrony Financial’s payout ratio is presently 14.56%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SYF shares. Wells Fargo & Company raised their price objective on Synchrony Financial from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Barclays cut their target price on Synchrony Financial from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. The Goldman Sachs Group increased their price objective 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. Rothschild & Co Redburn assumed coverage on Synchrony Financial in a report on Friday, August 1st. They issued a “neutral” rating and a $72.00 target price for the company. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Synchrony Financial from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.68.

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.