Synchrony Financial (NYSE:SYF) Shares Sold by KBC Group NV

KBC Group NV lowered its stake in shares of Synchrony Financial (NYSE:SYF) by 24.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,303,349 shares of the financial services provider’s stock after selling 419,660 shares during the quarter. KBC Group NV owned approximately 0.33% of Synchrony Financial worth $65,011,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of Synchrony Financial during the first quarter worth about $28,000. Altshuler Shaham Ltd acquired a new position in Synchrony Financial during the 2nd quarter valued at about $31,000. International Assets Investment Management LLC bought a new position in Synchrony Financial in the 2nd quarter worth about $33,000. WR Wealth Planners LLC increased its stake in shares of Synchrony Financial by 83.6% in the second quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 326 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Synchrony Financial during the second quarter valued at approximately $39,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $55.13, for a total value 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $55.13, for a total value of $1,209,221.42. Following the transaction, the insider now directly owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were 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 owns 76,251 shares in the company, valued at $3,563,209.23. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYF has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Synchrony Financial from $49.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Evercore ISI lifted their price objective on shares of Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets dropped their target price on Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating on the stock in a report on Thursday, July 18th. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company boosted their price objective on Synchrony Financial from $53.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.60.

Synchrony Financial Trading Up 0.0 %

NYSE SYF opened at $65.13 on Thursday. The firm’s 50 day moving average price is $53.03 and its two-hundred day moving average price is $48.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. Synchrony Financial has a twelve month low of $28.84 and a twelve month high of $67.76. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.25 and a beta of 1.59.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. Synchrony Financial’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts anticipate that Synchrony Financial will post 6.52 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Monday, November 4th. Synchrony Financial’s dividend payout ratio (DPR) is 13.05%.

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.