SY’s Top 5 Q2 Trades

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SYNOVUS FINANCIAL COMPANY recently filed its 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details the stocks that were in a guru’s stock portfolio at the end of the quarter, although investors should note that these filings are limited in scope, containing only an overview of long stock positions. listed in the United States and American certificates of deposit at the end of the quarter. They are not required to include international holdings, short positions or other types of investments. Yet even this limited repository can provide valuable information.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia. The company’s history dates back to “a simple act of kindness between a worker and an executive at a textile mill in Columbus, Georgia.” When the worker’s dress got tangled in factory machinery and spilled her cash on the floor, an executive offered to secure her cash after expressing that she felt it was the safest place. safer to keep your money. The same service would be extended to all workers and, since 1888, the company “remains committed to serving others, providing solutions and building relationships of trust with team members, customers and shareholders” . Synovus Financial Corp has grown from humble beginnings to now have operations in five Southeast states including Georgia, Alabama, South Carolina, Florida and Tennessee. The company has also expanded its network of operations to have over 29 locally branded divisions with 280 offices and over 400 ATMs. Synovus Financial Corp operates through four major segments including Retail Banking, Corporate Banking, Corporate Banking and Wealth Management, operating as a holding company of Synovus Bank of the same name. The company currently offers a variety of services, including cash management, capital market services, commercial loans, various demand and savings deposits, a variety of banking services, portfolio management and advisory services. in investment, among others. Synovus Financial Corp invests the most in the financial sector, which alone accounts for well over a third of its total asset allocations, and also invests in the information technology sector, which accounts for another fifth of its allowances, consumer staples, healthcare, industrials, consumer discretionary, utilities and telecommunications, among others to a lesser extent, in descending order of allocation. The company’s main holding in Total System Services Inc. alone represents more than 15% of its total holdings and Synovus Financial has a turnover rate of approximately 14%.

According to the latest 13F report, the guru’s stock portfolio contained 835 stocks valued at a total of $8.52 billion. The top holdings were GPN (10.65%), IWD (8.91%) and IWF (7.48%).

According to data from GuruFocus, these were SYNOVUS FINANCIAL CORP’s top five deals of the quarter.

iShares 20 Year Treasury Bond ETF

SYNOVUS FINANCIAL CORP reduced its investment in NAS:TLT by 1,017,640 shares. The transaction had an impact of 1.43% on the equity portfolio. During the quarter, the stock traded at an average price of $117.54.

On 08/11/2022, the iShares 20+ Year Treasury Bond ETF traded at a price of $114.535 per share and a market capitalization of $24.96 billion. The stock has returned -20.59% over the past year.

The data is insufficient to calculate the financial strength and profitability of the title.

SPDR Portfolio Long Term Treasury ETF

The guru established a new position worth 3,443,094 shares in ARCA:SPTL, giving the stock a 1.34% weighting in the equity portfolio. The shares traded at an average price of $33.8 during the quarter.

On 11/08/2022, the SPDR Portfolio Long Term Treasury ETF traded at a price of $33.06 per share and a market capitalization of $6.25 billion. The stock posted a return of -19.70% over the past year.

The data is insufficient to calculate the financial strength and profitability of the title.

Global Payments Inc.

During the quarter, SYNOVUS FINANCIAL CORP purchased 634,733 shares of NYSE:GPN for a total holding of 8,202,771. The transaction had an impact of 0.82% on the equity portfolio. During the quarter, the stock traded at an average price of $126.61.

On 08/11/2022, Global Payments Inc traded at a price of $133.65 per share and a market capitalization of $36.96 billion. The stock has returned -20.76% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Global Payments Inc has a Price/Earnings ratio of 740.88, a Price/Book ratio of 1.57, a Price/Earnings/Growth (PEG) ratio of 67.87, an EV/Ebitda ratio of of 20.90 and a price-to-sales ratio of 4.31.

The GF price/value ratio is 0.62, giving the stock a GF value rank of 8.

SPDR Portfolio Intermediate Term Treasury ETF

The guru established a new position worth 2,157,216 shares in ARCA:SPTI, giving the stock a 0.75% weighting in the equity portfolio. The shares traded at an average price of $29.48 during the quarter.

On 08/11/2022, the SPDR Portfolio Intermediate Term Treasury ETF traded at a price of $29.605 per share and a market capitalization of $4.04 billion. The stock has returned -8.41% over the past year.

The data is insufficient to calculate the financial strength and profitability of the title.

Berkshire Hathaway Inc.

The guru established a new position of 123 shares in NYSE:BRK.A, giving the stock a 0.59% weighting in the equity portfolio. The shares traded at an average price of $472,090 during the quarter.

On 8/11/2022, Berkshire Hathaway Inc traded at a price of $444,878.87 per share and a market capitalization of $653.60 billion. The stock has returned 1.68% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Berkshire Hathaway Inc has a price/earnings ratio of 8.01, a price/book ratio of 1.30, a price/earnings/growth (PEG) ratio of 0.26, an EV/Ebitda ratio of 6.29 and a price-to-sales ratio of 1.90.

The GF price-to-value ratio is 1.02, giving the stock a GF value rank of 5.

Please note that figures and facts quoted are at the time of writing this article and may not reflect the latest business data or company announcements.

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