Khrom Capital Management LLC Sells 270 Shares of Synchrony Financial (NYSE:SYF)

Khrom Capital Management LLC cut its stake in shares of Synchrony Financial (NYSE:SYF) by 0.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 119,002 shares of the financial services provider’s stock after selling 270 shares during the quarter. Synchrony Financial comprises approximately 1.1% of Khrom Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Khrom Capital Management LLC’s holdings in Synchrony Financial were worth $5,616,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Synchrony Financial during the 1st quarter worth about $28,000. Altshuler Shaham Ltd acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at about $31,000. International Assets Investment Management LLC acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at about $33,000. WR Wealth Planners LLC lifted its stake in shares of Synchrony Financial by 83.6% in the 2nd quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 326 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Synchrony Financial during the 2nd quarter worth approximately $39,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

Shares of SYF opened at $49.70 on Tuesday. Synchrony Financial has a one year low of $27.30 and a one year high of $52.67. The company has a 50-day simple moving average of $48.36 and a two-hundred day simple moving average of $45.42. The firm has a market capitalization of $19.96 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.23 and a quick ratio of 1.23.

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

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is currently 14.35%.

Insider Transactions at Synchrony Financial

In other news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Brian J. Sr. Wenzel sold 74,698 shares of the business’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 sale, the insider now directly owns 76,251 shares in the company, valued at approximately $3,563,209.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bart Schaller sold 930 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were 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 in the company, valued at $2,510,987.60. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on SYF shares. Barclays boosted their price objective on Synchrony Financial from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. JMP Securities increased their target price on Synchrony Financial from $49.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 16th. Robert W. Baird initiated coverage on Synchrony Financial in a research report on Friday, June 28th. They set an “outperform” rating and a $56.00 target price on the stock. Baird R W upgraded Synchrony Financial to a “strong-buy” rating in a research report on Friday, June 28th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Synchrony Financial in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.41.

Synchrony Financial 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.