Vest Financial LLC Purchases 38,836 Shares of Synchrony Financial (NYSE:SYF)

Vest Financial LLC raised its position in shares of Synchrony Financial (NYSE:SYF) by 7.5% during the third quarter, HoldingsChannel reports. The fund owned 558,597 shares of the financial services provider’s stock after acquiring an additional 38,836 shares during the quarter. Vest Financial LLC’s holdings in Synchrony Financial were worth $27,863,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Quent Capital LLC grew its holdings in shares of Synchrony Financial by 15.4% in 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 last quarter. Wedmont Private Capital lifted its position in shares of Synchrony Financial by 3.3% during 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 during the last quarter. 1832 Asset Management L.P. raised its position in shares of Synchrony Financial by 0.5% in 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 purchasing an additional 251 shares during the last quarter. Gulf International Bank UK Ltd raised its position in shares of Synchrony Financial by 0.7% in the 1st quarter. Gulf International Bank UK Ltd now owns 35,223 shares of the financial services provider’s stock valued at $1,518,000 after purchasing an additional 262 shares during the last quarter. Finally, Certuity LLC raised its position in shares of Synchrony Financial by 0.8% in the 2nd quarter. Certuity LLC now owns 31,326 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 264 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday. Barclays raised their price objective on shares of Synchrony Financial from $49.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Thursday. Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Friday, August 9th. Compass Point lifted their price target on shares of Synchrony Financial from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Synchrony Financial from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.25.

Synchrony Financial Trading Down 0.5 %

SYF traded down $0.28 on Friday, hitting $56.42. The company had a trading volume of 3,876,858 shares, compared to its average volume of 3,967,448. The firm has a market cap of $22.66 billion, a P/E ratio of 8.09, a PEG ratio of 1.26 and a beta of 1.61. Synchrony Financial has a 1 year low of $27.30 and a 1 year high of $57.26. The company’s fifty day moving average price is $49.43 and its 200 day moving average price is $46.64. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.09.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.17. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.76 billion. Synchrony Financial had a net margin of 13.52% and a return on equity of 16.06%. Synchrony Financial’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS. As a group, equities analysts expect that Synchrony Financial will post 5.81 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a $0.25 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.00 annualized dividend and a yield of 1.77%. Synchrony Financial’s dividend payout ratio (DPR) is currently 14.35%.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Bart Schaller sold 930 shares of Synchrony Financial 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 completion of the transaction, the insider now directly owns 49,390 shares of the company’s stock, valued at $2,510,987.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction dated 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 completion of the transaction, the insider now directly owns 76,251 shares of the company’s stock, valued at $3,563,209.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bart Schaller sold 930 shares of Synchrony Financial stock in a transaction dated 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 transaction, the insider now directly owns 49,390 shares of the company’s stock, valued at approximately $2,510,987.60. This represents 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 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.