Synchrony Financial (NYSE:SYF) Holdings Decreased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its stake in Synchrony Financial (NYSE:SYF) by 4.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,986 shares of the financial services provider’s stock after selling 1,735 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Synchrony Financial were worth $1,698,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SYF. Dimensional Fund Advisors LP increased its stake in shares of Synchrony Financial by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 6,686,486 shares of the financial services provider’s stock valued at $315,381,000 after acquiring an additional 313,128 shares during the period. Boston Partners increased its position 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 valued at $274,892,000 after purchasing an additional 2,548,180 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Synchrony Financial by 2.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,496,009 shares of the financial services provider’s stock worth $150,748,000 after buying an additional 97,235 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Synchrony Financial by 5.4% in the second quarter. Panagora Asset Management Inc. now owns 2,790,177 shares of the financial services provider’s stock valued at $131,668,000 after buying an additional 142,306 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Synchrony Financial by 33.5% during the first quarter. Nordea Investment Management AB now owns 2,685,598 shares of the financial services provider’s stock valued at $115,266,000 after buying an additional 674,366 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Price Performance

SYF opened at $50.57 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.09. Synchrony Financial has a 1 year low of $27.30 and a 1 year high of $52.67. The stock has a fifty day moving average price of $48.38 and a 200 day moving average price of $45.31. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 1.11 and a beta of 1.62.

Synchrony Financial (NYSE:SYF) last announced its quarterly 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. The business had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. During the same quarter in the previous year, the business posted $1.32 EPS. Analysts forecast that Synchrony Financial will post 5.79 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Monday, August 5th. Synchrony Financial’s payout ratio is presently 14.35%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SYF. Keefe, Bruyette & Woods restated an “outperform” rating and set a $62.00 price objective on shares of Synchrony Financial in a research report on Tuesday, June 11th. JPMorgan Chase & Co. raised their target price on shares of Synchrony Financial from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Royal Bank of Canada upped their price target on Synchrony Financial from $50.00 to $55.00 and gave the company a “sector perform” rating in a report on Thursday, July 18th. BMO Capital Markets reduced their price objective on 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. Finally, Robert W. Baird assumed 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. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.41.

Insider Buying and Selling

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

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.