Vanguard Personalized Indexing Management LLC Has $2.91 Million Position in Synchrony Financial (NYSE:SYF)

Vanguard Personalized Indexing Management LLC grew its holdings in Synchrony Financial (NYSE:SYF) by 18.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,956 shares of the financial services provider’s stock after purchasing an additional 9,559 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Synchrony Financial were worth $2,914,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of SYF. Principal Securities Inc. acquired a new position in Synchrony Financial in the fourth quarter worth $60,000. PNC Financial Services Group Inc. lifted its stake in shares of Synchrony Financial by 21.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 58,603 shares of the financial services provider’s stock valued at $2,238,000 after acquiring an additional 10,242 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of Synchrony Financial by 4.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,862 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 301 shares during the period. Assetmark Inc. lifted its stake in shares of Synchrony Financial by 4.3% during the fourth quarter. Assetmark Inc. now owns 6,933 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 288 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Synchrony Financial by 0.8% during the fourth quarter. US Bancorp DE now owns 34,804 shares of the financial services provider’s stock valued at $1,329,000 after acquiring an additional 268 shares during the period. Institutional investors and hedge funds 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 that occurred 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 transaction, the insider now owns 76,251 shares of the company’s stock, valued at $3,563,209.23. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Synchrony Financial news, insider Bart Schaller sold 930 shares of the business’s 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 of the company’s stock, valued at $2,510,987.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the business’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 transaction, the insider now directly owns 76,251 shares in the company, valued at approximately $3,563,209.23. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Synchrony Financial Trading Down 0.9 %

NYSE:SYF opened at $50.57 on Friday. The company has a market cap of $19.99 billion, a P/E ratio of 7.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. Synchrony Financial has a twelve month low of $27.30 and a twelve month high of $52.67. The business has a 50 day moving average price of $48.38 and a two-hundred day moving average price of $45.31. 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 (NYSE:SYF) last released its earnings results on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.20. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate 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 earned $1.32 earnings per share. As a group, analysts expect that Synchrony Financial will post 5.79 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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

Wall Street Analyst Weigh In

SYF has been the topic of several research reports. Wells Fargo & Company upped 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. The Goldman Sachs Group upped their price target on Synchrony Financial from $49.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. JMP Securities upped their price target on Synchrony Financial from $49.00 to $60.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $62.00 price target on shares of Synchrony Financial in a research note on Tuesday, June 11th. Finally, Robert W. Baird assumed coverage on Synchrony Financial in a report on Friday, June 28th. They issued an “outperform” rating and a $56.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.41.

About Synchrony Financial

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.