Sequoia Financial Advisors LLC Has $309,000 Stock Position in Synchrony Financial (NYSE:SYF)

Sequoia Financial Advisors LLC lifted its stake in Synchrony Financial (NYSE:SYF) by 14.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,198 shares of the financial services provider’s stock after acquiring an additional 785 shares during the period. Sequoia Financial Advisors LLC’s holdings in Synchrony Financial were worth $309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in shares of Synchrony Financial by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 6,686,486 shares of the financial services provider’s stock worth $315,381,000 after acquiring an additional 313,128 shares during the last quarter. Boston Partners lifted its holdings in shares of Synchrony Financial by 66.6% during the 1st quarter. Boston Partners now owns 6,374,260 shares of the financial services provider’s stock worth $274,892,000 after acquiring an additional 2,548,180 shares during the period. AQR Capital Management LLC boosted its position in shares of Synchrony Financial by 14.6% during the 2nd quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider’s stock valued at $264,917,000 after acquiring an additional 727,649 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Synchrony Financial by 2.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 3,496,009 shares of the financial services provider’s stock valued at $150,748,000 after acquiring an additional 97,235 shares during the period. Finally, Hsbc Holdings PLC raised its position in Synchrony Financial by 18.7% in the second quarter. Hsbc Holdings PLC now owns 3,131,599 shares of the financial services provider’s stock worth $147,599,000 after purchasing an additional 492,312 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insider Activity

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 transaction of $47,281.20. Following the transaction, the insider now owns 49,390 shares of the company’s stock, valued at $2,510,987.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $47,281.20. Following the transaction, the insider now owns 49,390 shares of the company’s stock, valued at $2,510,987.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the 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 completion of the transaction, the insider now directly owns 76,251 shares in the company, valued at $3,563,209.23. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Synchrony Financial Price Performance

Shares of SYF stock opened at $56.79 on Tuesday. The stock’s fifty day moving average is $50.55 and its 200-day moving average is $47.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $22.80 billion, a PE ratio of 8.15, a PEG ratio of 1.19 and a beta of 1.61. Synchrony Financial has a 52 week low of $27.68 and a 52 week high of $57.26.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts expect that Synchrony Financial will post 6.28 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Monday, November 4th. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.35%.

Analyst Upgrades and Downgrades

SYF has been the topic of several analyst reports. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Friday, August 9th. Compass Point upped their price target on Synchrony Financial from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird set a $62.00 price target on Synchrony Financial in a research report on Thursday, October 17th. TD Cowen upped their price target on Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of Synchrony Financial in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and a consensus target price of $56.25.

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.