Yeomans Consulting Group Inc. Makes New $348,000 Investment in Synchrony Financial (NYSE:SYF)

Yeomans Consulting Group Inc. purchased a new position in Synchrony Financial (NYSE:SYF) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,349 shares of the financial services provider’s stock, valued at approximately $348,000.

Several other institutional investors and hedge funds have also made changes to their positions in SYF. Larson Financial Group LLC boosted its position in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares during the last quarter. Quarry LP boosted its holdings in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 675 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Synchrony Financial in the third quarter worth $50,000. Raleigh Capital Management Inc. raised its holdings in shares of Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 486 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Synchrony Financial by 36.6% during the third quarter. Venturi Wealth Management LLC now owns 1,662 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 445 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of Synchrony Financial stock in a transaction on Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the sale, the insider now owns 99,743 shares in the company, valued at $5,498,831.59. The trade was a 18.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 sale, 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.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $70.39 on Friday. The firm has a 50-day simple moving average of $66.53 and a 200-day simple moving average of $56.49. 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 has a market capitalization of $27.41 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 0.83 and a beta of 1.64. Synchrony Financial has a 52 week low of $37.64 and a 52 week high of $70.93.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.42%. Synchrony Financial’s payout ratio is 13.05%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group increased their price target on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Compass Point boosted their price target on Synchrony Financial from $60.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. TD Cowen raised their price objective on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group lifted their target price on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.45.

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.