Vontobel Holding Ltd. Has $802,000 Stock Position in Synchrony Financial (NYSE:SYF)

Vontobel Holding Ltd. grew its stake in shares of Synchrony Financial (NYSE:SYF) by 125.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,080 shares of the financial services provider’s stock after buying an additional 8,952 shares during the quarter. Vontobel Holding Ltd.’s holdings in Synchrony Financial were worth $802,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Quent Capital LLC grew its stake in shares of Synchrony Financial by 15.4% in the first quarter. Quent Capital LLC now owns 1,604 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 214 shares during the last quarter. Wedmont Private Capital raised its position in shares of Synchrony Financial by 3.3% during the third quarter. Wedmont Private Capital now owns 7,508 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 242 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Synchrony Financial by 0.5% during the second quarter. 1832 Asset Management L.P. now owns 52,242 shares of the financial services provider’s stock worth $2,465,000 after acquiring an additional 251 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in Synchrony Financial by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 35,223 shares of the financial services provider’s stock valued at $1,518,000 after acquiring an additional 262 shares during the last quarter. Finally, Certuity LLC increased its position in Synchrony Financial by 0.8% during the 2nd quarter. Certuity LLC now owns 31,326 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 264 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Synchrony Financial

In other news, insider Brian J. Sr. Wenzel sold 74,698 shares of the 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 transaction, the insider now owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 transaction of $47,281.20. Following the completion of the transaction, the insider now directly owns 49,390 shares in the company, valued at approximately $2,510,987.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the transaction, the insider now owns 76,251 shares of the company’s stock, valued at $3,563,209.23. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

SYF has been the topic of a number of analyst reports. TD Cowen upped their price objective on shares of Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group increased their price target on Synchrony Financial from $49.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays lifted their price objective on shares of Synchrony Financial from $49.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday. Compass Point increased their target price on shares of Synchrony Financial from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group raised their price target on shares of Synchrony Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.25.

Synchrony Financial Stock Performance

NYSE:SYF opened at $56.42 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.23 and a current ratio of 1.23. Synchrony Financial has a 52-week low of $27.30 and a 52-week high of $57.26. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 1.26 and a beta of 1.61. The business’s fifty day moving average is $49.43 and its 200 day moving average is $46.68.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company earned $1.48 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts predict that Synchrony Financial will post 5.81 EPS for the current year.

Synchrony Financial Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Monday, August 5th. Synchrony Financial’s dividend payout ratio is currently 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.