Synchrony Financial (NYSE:SYF) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Synchrony Financial (NYSE:SYF) by 396.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 276,988 shares of the financial services provider’s stock after purchasing an additional 221,191 shares during the period. SG Americas Securities LLC’s holdings in Synchrony Financial were worth $13,816,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in Synchrony Financial in the first quarter valued at $28,000. Altshuler Shaham Ltd purchased a new stake in shares of Synchrony Financial in the second quarter valued at $31,000. International Assets Investment Management LLC purchased a new stake in shares of Synchrony Financial in the second quarter valued at $33,000. WR Wealth Planners LLC lifted its position 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 valued at $34,000 after acquiring an additional 326 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Synchrony Financial in the second quarter valued at $39,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insider Activity

In other news, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction dated 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 owns 76,251 shares in the company, valued at approximately $3,563,209.23. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the completion of the sale, the insider now owns 76,251 shares in the company, valued at $3,563,209.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bart Schaller sold 930 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total value 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Synchrony Financial Stock Up 4.6 %

Shares of SYF stock traded up $2.30 during trading hours on Friday, reaching $51.86. The company had a trading volume of 2,635,960 shares, compared to its average volume of 3,592,896. 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 company has a market capitalization of $20.50 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 1.16 and a beta of 1.61. The stock’s fifty day simple moving average is $48.12 and its 200 day simple moving average is $45.81.

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

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. Synchrony Financial’s dividend payout ratio (DPR) is currently 14.35%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley restated an “underweight” rating and issued a $30.00 price objective on shares of Synchrony Financial in a research report on Wednesday, June 12th. Baird R W upgraded Synchrony Financial to a “strong-buy” rating in a research report on Friday, June 28th. JPMorgan Chase & Co. upped their price objective on Synchrony Financial from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. The Goldman Sachs Group upped their price objective on Synchrony Financial from $49.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus 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.