XTX Topco Ltd Has $3.12 Million Stake in Synchrony Financial (NYSE:SYF)

XTX Topco Ltd boosted its position in Synchrony Financial (NYSE:SYF) by 713.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,094 shares of the financial services provider’s stock after acquiring an additional 57,964 shares during the period. XTX Topco Ltd’s holdings in Synchrony Financial were worth $3,119,000 at the end of the most recent quarter.

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

Synchrony Financial Stock Down 0.6 %

SYF stock opened at $48.89 on Thursday. The firm’s fifty day simple moving average is $48.31 and its 200-day simple moving average is $45.20. The company has a market capitalization of $19.32 billion, a P/E ratio of 7.01, 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 has a 12 month low of $27.30 and a 12 month high of $52.67.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.20. The firm had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $4.44 billion. Synchrony Financial had a net margin of 13.52% and a return on equity of 16.06%. During the same period in the prior year, the firm posted $1.32 earnings per share. As a group, equities research analysts forecast that Synchrony Financial will post 5.79 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Monday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is 14.35%.

Insider Activity

In other Synchrony Financial news, insider Bart Schaller sold 930 shares of the 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 completion of the transaction, the insider now owns 49,390 shares of the company’s stock, valued at $2,510,987.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Bart Schaller sold 930 shares of Synchrony Financial 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 completion of the transaction, the insider now owns 49,390 shares in the company, valued at $2,510,987.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial 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 transaction, the insider now owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Robert W. Baird began coverage on shares of Synchrony Financial in a research report on Friday, June 28th. They issued an “outperform” rating and a $56.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of Synchrony Financial from $49.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Baird R W raised shares of Synchrony Financial to a “strong-buy” rating in a research report on Friday, June 28th. Royal Bank of Canada boosted their target price on shares of Synchrony Financial from $50.00 to $55.00 and gave the stock a “sector perform” 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 on the stock in a research note on Friday, August 9th. One 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 issued a strong buy rating to the company. According to MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and an average target price 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.