DekaBank Deutsche Girozentrale Has $12.36 Million Stake in Synchrony Financial (NYSE:SYF)

DekaBank Deutsche Girozentrale lowered its stake in Synchrony Financial (NYSE:SYF) by 1.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 281,522 shares of the financial services provider’s stock after selling 4,396 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Synchrony Financial were worth $12,360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in shares of Synchrony Financial in the 1st quarter valued at approximately $28,000. International Assets Investment Management LLC bought a new position in shares of Synchrony Financial in the second quarter valued at approximately $33,000. WR Wealth Planners LLC lifted its stake in shares of Synchrony Financial by 83.6% in the second quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock worth $34,000 after buying an additional 326 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Synchrony Financial during the 2nd quarter worth $39,000. Finally, Family Firm Inc. acquired a new position in Synchrony Financial in the 2nd quarter valued at $42,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insiders Place Their Bets

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

Synchrony Financial Stock Performance

Shares of NYSE:SYF opened at $47.13 on Monday. The business has a fifty day moving average of $48.29 and a 200-day moving average of $45.07. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.23 and a current ratio of 1.23. Synchrony Financial has a twelve month low of $27.30 and a twelve month high of $52.67. The firm has a market cap of $18.63 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 1.09 and a beta of 1.62.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.20. Synchrony Financial had a net margin of 13.52% and a return on equity of 16.06%. The firm had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the company posted $1.32 EPS. On average, equities research analysts predict that Synchrony Financial will post 5.79 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Monday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.35%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SYF shares. Robert W. Baird assumed coverage on Synchrony Financial in a research note on Friday, June 28th. They issued an “outperform” rating and a $56.00 price objective on the stock. Royal Bank of Canada lifted their price target on Synchrony Financial from $50.00 to $55.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 18th. Morgan Stanley reissued an “underweight” rating and issued a $30.00 price objective on shares of Synchrony Financial in a research report on Wednesday, June 12th. The Goldman Sachs Group boosted their target price on shares of Synchrony Financial from $49.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Bank of America upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.41.

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.