City Center Advisors LLC Has $345,000 Position in Synchrony Financial (NYSE:SYF)

City Center Advisors LLC lessened its position in Synchrony Financial (NYSE:SYF) by 28.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,919 shares of the financial services provider’s stock after selling 2,795 shares during the quarter. City Center Advisors LLC’s holdings in Synchrony Financial were worth $345,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC increased its stake in shares of Synchrony Financial by 15.4% during 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 period. 1832 Asset Management L.P. increased its position in 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 period. Gulf International Bank UK Ltd increased its holdings in shares of Synchrony Financial by 0.7% during the first quarter. Gulf International Bank UK Ltd now owns 35,223 shares of the financial services provider’s stock worth $1,518,000 after purchasing an additional 262 shares during the period. Certuity LLC grew its position in Synchrony Financial by 0.8% during the second quarter. Certuity LLC now owns 31,326 shares of the financial services provider’s stock worth $1,478,000 after buying an additional 264 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Synchrony Financial by 0.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 90,343 shares of the financial services provider’s stock worth $3,896,000 after acquiring an additional 265 shares during the period. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

SYF stock opened at $51.56 on Tuesday. The company has a market capitalization of $20.38 billion, a P/E ratio of 7.40, a PEG ratio of 1.16 and a beta of 1.61. Synchrony Financial has a 52-week low of $27.30 and a 52-week high of $52.67. The company has a fifty day moving average price of $48.12 and a 200-day moving average price of $45.86. 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 (NYSE:SYF) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $1.32 earnings per share. As a group, equities analysts expect that Synchrony Financial will post 5.79 EPS for the current year.

Synchrony Financial Announces Dividend

The company 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 yield of 1.94%. The ex-dividend date was Monday, August 5th. Synchrony Financial’s payout ratio is 14.35%.

Analysts Set New Price Targets

SYF has been the topic of several analyst reports. Robert W. Baird assumed coverage on Synchrony Financial in a report on Friday, June 28th. They set an “outperform” rating and a $56.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of Synchrony Financial from $50.00 to $55.00 and gave the company a “sector perform” rating in a research report on Thursday, July 18th. Barclays increased their price target on shares of Synchrony Financial from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. BMO Capital Markets decreased their price objective on shares of Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating on the stock in a research note on Thursday, July 18th. Finally, Evercore ISI cut their target price on Synchrony Financial from $59.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.43.

Insider Buying and Selling

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 transaction, the insider now owns 76,251 shares in the company, valued at $3,563,209.23. 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 available through this hyperlink. In other news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the sale, the insider now owns 49,390 shares in the company, valued at $2,510,987.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider now directly owns 76,251 shares in the company, 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. 0.33% of the stock is owned by company 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.