Citizens Financial Group Inc. RI Purchases Shares of 2,001 TD SYNNEX Corporation $SNX

Citizens Financial Group Inc. RI purchased a new position in TD SYNNEX Corporation (NYSE:SNX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,001 shares of the business services provider’s stock, valued at approximately $535,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SNX. Intech Investment Management LLC increased its stake in TD SYNNEX by 38.4% in the 4th quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock worth $3,242,000 after buying an additional 5,982 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of TD SYNNEX in the first quarter valued at about $4,435,000. CWM LLC lifted its position in shares of TD SYNNEX by 474.0% in the fourth quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock valued at $1,066,000 after acquiring an additional 5,859 shares in the last quarter. R Squared Ltd bought a new position in shares of TD SYNNEX in the fourth quarter worth about $1,507,000. Finally, State of Wyoming bought a new position in shares of TD SYNNEX in the second quarter worth about $3,378,000. 84.00% of the stock is currently owned by institutional investors.

TD SYNNEX Trading Down 3.0%

Shares of SNX stock opened at $251.92 on Thursday. TD SYNNEX Corporation has a 12-month low of $142.22 and a 12-month high of $296.47. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average price is $259.09 and its 200-day moving average price is $219.01. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 0.73 and a beta of 1.44.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company had revenue of $19.57 billion for the quarter, compared to the consensus estimate of $16.80 billion. During the same period in the previous year, the business earned $2.99 earnings per share. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities research analysts predict that TD SYNNEX Corporation will post 18.01 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, July 17th. TD SYNNEX’s dividend payout ratio is 13.74%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SNX shares. Barclays lifted their target price on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. Barrington Research upped their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. The Goldman Sachs Group set a $330.00 price objective on shares of TD SYNNEX in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, TD SYNNEX presently has a consensus rating of “Buy” and a consensus target price of $294.67.

Insider Buying and Selling

In related news, Director Richard T. Hume sold 5,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the sale, the director owned 18,537 shares of the company’s stock, valued at $4,503,934.89. This represents a 21.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the transaction, the director owned 5,828 shares of the company’s stock, valued at $1,492,259.40. This trade represents a 17.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,273 shares of company stock valued at $4,253,752 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.