UMB Bank Has $98,000 Shares In Synchronism Financial (NYSE:SYF)

VaselineAugust 31, 2024

0 5 minutes read

UMB Bank Na boosted its holdings in Synchrony Financial (NYSE:SYF – Free Report) by 26.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,070 shares of the financial services provider’s stock after purchasing an additional 427 shares during the quarter. UMB Bank na’s holdings in Synchrony Financial were worth $98,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quent Capital LLC increased its position in Synchrony Financial by 15.4% in the first quarter. Quent Capital LLC now owns 1,604 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 214 shares during the period. Fifth Third Bancorp grew its position in Synchrony Financial by 0.7% in the first quarter. Fifth Third Bancorp now owns 38,247 shares of the financial services provider’s stock worth $1,649,000 after acquiring an additional 250 shares during the period. Gulf International Bank UK Ltd raised its position in Synchrony Financial by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 35,223 shares of the financial services provider’s stock worth $1,518,000 after acquiring an additional 262 shares during the period. Mutual of America Capital Management LLC raised its position in Synchrony Financial by 0.3% in the first quarter. Mutual of America Capital Management LLC now owns 90,343 shares of the financial services provider’s stock worth $3,896,000 after acquiring an additional 265 shares during the period. Finally, US Bancorp DE grew its position in Synchrony Financial by 0.8% in the fourth quarter. US Bancorp DE now owns 34,804 shares of the financial services provider’s stock worth $1,329,000 after acquiring an additional 268 shares during the period. 96.48% of the shares are currently owned by institutional investors and hedge funds.

Insider trading at Synchrony Financial

In other news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the sale, the insider now directly owns 49,390 shares in the company, valued at approximately $2,510,987.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the sale, the insider now directly owns 49,390 shares in the company, valued at approximately $2,510,987.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the completion of the sale, the insider now owns 76,251 shares of the company’s stock, valued at $3,563,209.23. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s shares.

Synchronous financial trading up 1.0%

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Shares of Synchrony Financial opened at $50.26 on Friday. Synchrony Financial has a 1 year low of $27.30 and a 1 year high of $52.67. The firm has a market cap of $19.86 billion, a PE ratio of 7.21, a PEG ratio of 1.15 and a beta of 1.63. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.23, and a quick ratio of 1.23. The company has a 50 day simple moving average of $47.90 and a two hundred day simple moving average of $44.37.

Synchrony Financial (NYSE:SYF – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.20. The firm had revenue of $5.58 billion during the quarter, compared to analyst estimates of $4.44 billion. Synchrony Financial had a net margin of 13.52% and a return on equity of 16.06%. During the same period in the previous year, the business posted EPS of $1.32. analysts expect that Synchrony Financial will post 5.79 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 5. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 1.99%. Synchrony Financial’s payout ratio is 14.35%.

Analyst upgrades and downgrades

Several research firms recently weighed in on SYF. JMP Securities upped their target price on shares of Synchrony Financial from $49.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 16th. StockNews.com upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Royal Bank of Canada raised their target price on shares of Synchrony Financial from $50.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 18th. Goldman Sachs Group lifted their price target on shares of Synchrony Financial from $49.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $62.00 target price on shares of Synchrony Financial in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.41, according to MarketBeat.com.

View the latest stock analysis on Synchrony Financial

Synchronized financial profile

(Free report)

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It offers credit products such as credit cards, commercial credit products and consumer installment loans. The company also offers private label credit cards, dual co-branded 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, as well as sweep and affinity deposits, and accepts deposits through third-party securities brokerage firms.