Several other hedge funds have also recently bought and sold shares of SYF. Hexagon Capital Partners LLC lifted its position in Synchrony Financial by 231.5% during the third quarter. Hexagon Capital Partners LLC now owns 948 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 662 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Synchrony Financial in the second quarter valued at approximately $28,000. Cowa LLC acquired a new stake in shares of Synchrony Financial in the third quarter valued at approximately $28,000. Clear Street Markets LLC raised its position in shares of Synchrony Financial by 392.0% in the second quarter. Clear Street Markets LLC now owns 1,048 shares of the financial services provider’s stock valued at $29,000 after buying an additional 835 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Synchrony Financial in the second quarter valued at approximately $31,000. 95.97% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Synchrony Financial
In other news, insider Margaret M. Keane sold 68,369 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $36.50, for a total transaction of $2,495,468.50. Following the transaction, the insider now owns 762,786 shares in the company, valued at $27,841,689. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.55% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on SYF shares. StockNews.com upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Friday, February 10th. JMP Securities lifted their price target on shares of Synchrony Financial from $39.00 to $42.00 and gave the company a “market outperform” rating in a research report on Tuesday, January 24th. Barclays downgraded shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $41.00 to $38.00 in a research report on Friday, January 6th. JPMorgan Chase & Co. lowered their price objective on shares of Synchrony Financial from $39.00 to $36.00 in a research report on Tuesday, January 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Synchrony Financial from $32.00 to $37.00 and gave the company an “equal weight” rating in a research report on Thursday, December 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Synchrony Financial has an average rating of “Hold” and an average target price of $39.27.
Synchrony Financial Stock Performance
Shares of SYF opened at $36.51 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $15.96 billion, a P/E ratio of 5.99, a price-to-earnings-growth ratio of 1.75 and a beta of 1.63. The firm’s fifty day simple moving average is $34.44 and its two-hundred day simple moving average is $33.95. Synchrony Financial has a 12 month low of $27.22 and a 12 month high of $45.37.
Synchrony Financial (NYSE:SYF – Get Rating) last issued its quarterly earnings results on Monday, January 23rd. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.14. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.04 billion. Synchrony Financial had a net margin of 17.51% and a return on equity of 24.07%. During the same quarter in the prior year, the firm posted $1.48 earnings per share. As a group, analysts predict that Synchrony Financial will post 5.07 EPS for the current year.
Synchrony Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 17th. Shareholders of record on Monday, February 6th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, February 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.52%. Synchrony Financial’s dividend payout ratio (DPR) is currently 15.08%.
About Synchrony Financial
Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.
Receive News & Ratings for Synchrony Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Synchrony Financial and related companies with MarketBeat.com’s FREE daily email newsletter.