Synchrony Financial (NYSE:SYF) Stock Holdings Lowered by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its position in Synchrony Financial (NYSE:SYF) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 281,522 shares of the financial services provider’s stock after selling 4,396 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Synchrony Financial worth $12,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SYF. Vest Financial LLC boosted its position in shares of Synchrony Financial by 18.2% during the second quarter. Vest Financial LLC now owns 519,761 shares of the financial services provider’s stock worth $24,528,000 after buying an additional 79,857 shares during the period. Johnson Investment Counsel Inc. raised its stake in Synchrony Financial by 5.0% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,915 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 662 shares in the last quarter. Achmea Investment Management B.V. raised its stake in Synchrony Financial by 3.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 51,713 shares of the financial services provider’s stock valued at $2,440,000 after acquiring an additional 1,939 shares in the last quarter. American Century Companies Inc. boosted its position in Synchrony Financial by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 1,036,329 shares of the financial services provider’s stock worth $48,904,000 after acquiring an additional 58,318 shares during the period. Finally, Sentry Investment Management LLC grew its stake in shares of Synchrony Financial by 3,023.8% in the second quarter. Sentry Investment Management LLC now owns 1,968 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,905 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $47.13 on Monday. The company has a market cap of $18.63 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 1.09 and a beta of 1.62. The company’s fifty day moving average is $48.29 and its two-hundred day moving average is $45.07. The company has a quick ratio of 1.23, a current 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 posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share for the quarter, beating 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 firm had revenue of $5.58 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the firm earned $1.32 earnings per share. Equities analysts expect that Synchrony Financial will post 5.79 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Monday, August 5th. Synchrony Financial’s dividend payout ratio is currently 14.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Baird R W raised shares of Synchrony Financial to a “strong-buy” rating in a report on Friday, June 28th. Bank of America upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Friday, August 9th. Compass Point began coverage on Synchrony Financial in a report on Tuesday, July 16th. They set a “buy” rating and a $56.00 target price on the stock. Wells Fargo & Company increased their price target on Synchrony Financial from $49.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group lifted their price target on Synchrony Financial from $49.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.41.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were 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 owns 76,251 shares in the company, valued at approximately $3,563,209.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Synchrony Financial news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction dated 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 directly owns 49,390 shares of the company’s stock, valued at approximately $2,510,987.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following 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 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.