Synchrony Financial (NYSE:SYF) Shares Sold by Khrom Capital Management LLC

Khrom Capital Management LLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,002 shares of the financial services provider’s stock after selling 270 shares during the period. Synchrony Financial makes up approximately 1.1% of Khrom Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Khrom Capital Management LLC’s holdings in Synchrony Financial were worth $5,616,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Synchrony Financial during the first quarter valued at $28,000. Altshuler Shaham Ltd purchased a new position in Synchrony Financial during the second quarter valued at approximately $31,000. International Assets Investment Management LLC acquired a new position in Synchrony Financial in the 2nd quarter valued at approximately $33,000. WR Wealth Planners LLC lifted its position 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 worth $34,000 after buying an additional 326 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Synchrony Financial in the 2nd quarter worth approximately $39,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Synchrony Financial

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 transaction, the insider now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. In other 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 value of $3,490,637.54. Following the completion of the sale, the insider now directly owns 76,251 shares of the company’s stock, valued at $3,563,209.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bart Schaller sold 930 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $50.84, for a total value of $47,281.20. Following the transaction, the insider now owns 49,390 shares in the company, valued at approximately $2,510,987.60. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Synchrony Financial Trading Down 1.7 %

NYSE SYF opened at $49.70 on Tuesday. The stock has a 50-day simple moving average of $48.36 and a 200 day simple moving average of $45.42. The company has a market capitalization of $19.96 billion, a PE ratio of 7.13, a P/E/G ratio of 1.11 and a beta of 1.62. 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 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 the consensus estimate of $1.35 by $0.20. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company earned $1.32 earnings per share. Research analysts forecast that Synchrony Financial will post 5.79 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 5th. This represents a $1.00 annualized dividend and a yield of 2.01%. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.35%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Baird R W upgraded shares of Synchrony Financial to a “strong-buy” rating in a report on Friday, June 28th. Morgan Stanley reaffirmed an “underweight” rating and issued a $30.00 price target on shares of Synchrony Financial in a research report on Wednesday, June 12th. Robert W. Baird assumed coverage on Synchrony Financial in a research report on Friday, June 28th. They issued an “outperform” rating and a $56.00 price target on the stock. Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Friday, August 9th. Finally, StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued 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 price target of $50.41.

Synchrony Financial 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.