Synchrony Financial (NYSE:SYF) Holdings Raised by Caprock Group LLC

Caprock Group LLC increased its stake in Synchrony Financial (NYSE:SYF) by 20.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,333 shares of the financial services provider’s stock after purchasing an additional 7,985 shares during the quarter. Caprock Group LLC’s holdings in Synchrony Financial were worth $2,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SYF. Dimensional Fund Advisors LP increased its position in shares of Synchrony Financial by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 6,686,486 shares of the financial services provider’s stock worth $315,381,000 after acquiring an additional 313,128 shares in the last quarter. Boston Partners grew its position in Synchrony Financial by 66.6% during the 1st quarter. Boston Partners now owns 6,374,260 shares of the financial services provider’s stock worth $274,892,000 after purchasing an additional 2,548,180 shares in the last quarter. AQR Capital Management LLC raised its stake in Synchrony Financial by 14.6% during the 2nd quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider’s stock valued at $264,917,000 after purchasing an additional 727,649 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Synchrony Financial by 2.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 3,496,009 shares of the financial services provider’s stock valued at $150,748,000 after purchasing an additional 97,235 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Synchrony Financial by 18.7% in the second quarter. Hsbc Holdings PLC now owns 3,131,599 shares of the financial services provider’s stock worth $147,599,000 after buying an additional 492,312 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 34,163 shares of the firm’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 directly owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis Howse sold 21,934 shares of the company’s 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 directly owns 99,743 shares in the company, valued at approximately $5,498,831.59. The trade was a 18.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SYF. Morgan Stanley increased their price objective on Synchrony Financial from $37.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price target on shares of Synchrony Financial from $55.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. Robert W. Baird set a $62.00 price objective on shares of Synchrony Financial in a research report on Thursday, October 17th. StockNews.com raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their price target on shares of Synchrony Financial from $64.00 to $72.50 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.43.

Synchrony Financial Stock Performance

SYF opened at $63.65 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average price is $54.69 and its two-hundred day moving average price is $49.36. The firm has a market capitalization of $24.78 billion, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. Synchrony Financial has a 12-month low of $29.15 and a 12-month high of $67.76.

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

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.57%. Synchrony Financial’s dividend payout ratio 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.