Wilmington Savings Fund Society FSB acquired a new stake in Synchrony Financial (NYSE:SYF – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,354 shares of the financial services provider’s stock, valued at approximately $217,000.
Other hedge funds have also made changes to their positions in the company. Graypoint LLC boosted its position in shares of Synchrony Financial by 4.0% during the 3rd quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 181 shares in the last quarter. Empirical Finance LLC boosted its holdings in Synchrony Financial by 1.3% during the third quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock worth $773,000 after buying an additional 204 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Synchrony Financial by 1.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,995 shares of the financial services provider’s stock worth $997,000 after buying an additional 227 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Synchrony Financial by 3.3% in the third quarter. Wedmont Private Capital now owns 7,508 shares of the financial services provider’s stock valued at $387,000 after buying an additional 242 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of Synchrony Financial by 0.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 52,242 shares of the financial services provider’s stock valued at $2,465,000 after acquiring an additional 251 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.
Insider Activity at Synchrony Financial
In related news, insider Curtis Howse sold 21,934 shares of the 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 sale, the insider now owns 99,743 shares in the company, valued at $5,498,831.59. This trade represents a 18.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the completion of the transaction, the insider now owns 127,587 shares in the company, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on SYF
Synchrony Financial Stock Performance
Shares of NYSE SYF opened at $63.59 on Thursday. The firm has a market cap of $24.76 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 0.82 and a beta of 1.63. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50-day simple moving average is $62.11 and its 200-day simple moving average is $52.67. Synchrony Financial has a 52 week low of $35.29 and a 52 week high of $69.39.
Synchrony Financial (NYSE:SYF – Get Free Report) last posted its 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 net margin of 13.98% and a return on equity of 16.64%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the business posted $1.48 EPS. Synchrony Financial’s revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts expect that Synchrony Financial will post 6.51 earnings per share for the current fiscal year.
Synchrony Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Monday, November 4th. Synchrony Financial’s dividend payout ratio (DPR) is currently 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.
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