Stock Yards Bank & Trust Co. Has $317,000 Position in Synchrony Financial (NYSE:SYF)

Stock Yards Bank & Trust Co. lessened its holdings in Synchrony Financial (NYSE:SYF) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,708 shares of the financial services provider’s stock after selling 650 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Synchrony Financial were worth $317,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

SYF has been the subject of several recent analyst reports. Baird R W upgraded Synchrony Financial to a “strong-buy” rating in a research note on Friday, June 28th. Jefferies Financial Group increased their target price on shares of Synchrony Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price target on shares of Synchrony Financial from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Synchrony Financial in a report on Tuesday, June 11th. Finally, BMO Capital Markets cut their target price on shares of Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating for the company in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.41.

Insider Buying and Selling

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction on 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 $3,563,209.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Bart Schaller sold 930 shares of the 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 completion of the sale, the insider now directly owns 49,390 shares of the company’s stock, valued at approximately $2,510,987.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the insider now owns 76,251 shares in the company, valued at $3,563,209.23. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Synchrony Financial Stock Down 0.6 %

Shares of NYSE:SYF opened at $48.89 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of 7.01, a P/E/G ratio of 1.09 and a beta of 1.62. The company has a 50 day moving average of $48.31 and a 200-day moving average of $45.20. Synchrony Financial has a one year low of $27.30 and a one year high of $52.67.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $1.55 EPS 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 company had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the company posted $1.32 EPS. On average, sell-side analysts forecast that Synchrony Financial will post 5.79 earnings per share for the current 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 $0.25 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. Synchrony Financial’s dividend payout ratio is 14.35%.

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.