Private Advisor Group LLC Takes $276,000 Position in Synchrony Financial (NYSE:SYF)

Private Advisor Group LLC acquired a new stake in Synchrony Financial (NYSE:SYF) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,524 shares of the financial services provider’s stock, valued at approximately $276,000.

A number of other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of Synchrony Financial during the 1st quarter worth approximately $28,000. Altshuler Shaham Ltd bought a new position in shares of Synchrony Financial in the second quarter worth $31,000. International Assets Investment Management LLC bought a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $33,000. WR Wealth Planners LLC increased its stake 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 valued at $34,000 after purchasing an additional 326 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Synchrony Financial in the 2nd quarter valued at approximately $39,000. Institutional investors own 96.48% of the company’s stock.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, 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 value of $3,490,637.54. Following the transaction, the insider now owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. The trade was 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 this link. In related news, insider Brian J. Sr. Wenzel sold 74,698 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Curtis Howse sold 21,934 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares in the company, valued at approximately $5,498,831.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SYF has been the subject of a number of research reports. Jefferies Financial Group increased their price target on Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Compass Point boosted their price target on Synchrony Financial from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird set a $62.00 target price on shares of Synchrony Financial in a report on Thursday, October 17th. Finally, Wells Fargo & Company raised their price target on shares of Synchrony Financial from $53.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.60.

Synchrony Financial Stock Performance

Shares of SYF opened at $67.51 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. Synchrony Financial has a one year low of $28.84 and a one year high of $67.76. The stock has a 50-day moving average of $51.84 and a 200-day moving average of $48.05. The company has a market cap of $26.28 billion, a PE ratio of 8.81, a P/E/G ratio of 1.08 and a beta of 1.59.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts predict that Synchrony Financial will post 6.34 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Monday, November 4th. Synchrony Financial’s dividend payout ratio is presently 13.05%.

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.