Zeke Capital Advisors LLC increased its stake in shares of Synchrony Financial (NYSE:SYF) by 194.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,615 shares of the financial services provider’s stock after purchasing an additional 21,537 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Synchrony Financial were worth $1,259,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Synchrony Financial by 13.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 466,387 shares of the financial services provider’s stock valued at $14,481,000 after purchasing an additional 56,959 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Synchrony Financial during the fourth quarter valued at approximately $283,000. Great West Life Assurance Co. Can grew its stake in shares of Synchrony Financial by 1.6% during the third quarter. Great West Life Assurance Co. Can now owns 610,025 shares of the financial services provider’s stock valued at $18,999,000 after purchasing an additional 9,518 shares during the last quarter. Stifel Financial Corp boosted its stake in Synchrony Financial by 531.9% in the third quarter. Stifel Financial Corp now owns 577,096 shares of the financial services provider’s stock valued at $17,910,000 after acquiring an additional 485,775 shares during the last quarter. Finally, Highlander Capital Management LLC boosted its stake in Synchrony Financial by 91.0% in the third quarter. Highlander Capital Management LLC now owns 10,492 shares of the financial services provider’s stock valued at $326,000 after acquiring an additional 5,000 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Margaret M. Keane sold 13,138 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $36.70, for a total transaction of $482,164.60. Following the sale, the insider now directly owns 440,169 shares in the company, valued at $16,154,202.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas M. Quindlen sold 10,712 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total transaction of $393,451.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,850 shares of company stock worth $955,616. Company insiders own 0.03% of the company’s stock.
Synchrony Financial (NYSE SYF) traded up $0.65 on Friday, reaching $35.32. 1,595,587 shares of the company’s stock traded hands, compared to its average volume of 6,708,243. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $27,630.00, a price-to-earnings ratio of 13.47, a PEG ratio of 1.39 and a beta of 1.07. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $40.59.
Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.96 billion. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. During the same period last year, the business posted $0.70 earnings per share. research analysts forecast that Synchrony Financial will post 3.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.60 annualized dividend and a yield of 1.70%. Synchrony Financial’s dividend payout ratio (DPR) is presently 22.90%.
A number of equities analysts have issued reports on the stock. Barclays reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Synchrony Financial in a research note on Tuesday, November 21st. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, January 31st. BTIG Research reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Synchrony Financial in a research note on Sunday, December 17th. Wells Fargo & Co raised shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Tuesday, January 9th. Finally, Buckingham Research assumed coverage on shares of Synchrony Financial in a research note on Wednesday. They issued a “buy” rating and a $42.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Synchrony Financial has a consensus rating of “Buy” and a consensus price target of $38.32.
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Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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