Regentatlantic Capital LLC Boosts Stock Holdings in Synchrony Financial (NYSE:SYF)

Regentatlantic Capital LLC grew its position in shares of Synchrony Financial (NYSE:SYF) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,903 shares of the financial services provider’s stock after buying an additional 458 shares during the quarter. Regentatlantic Capital LLC’s holdings in Synchrony Financial were worth $2,077,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Synchrony Financial by 1.9% during the first quarter. FMR LLC now owns 33,683,582 shares of the financial services provider’s stock valued at $1,074,506,000 after buying an additional 619,258 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Synchrony Financial by 2.4% during the first quarter. Janus Henderson Group PLC now owns 19,243,280 shares of the financial services provider’s stock valued at $613,859,000 after buying an additional 452,123 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Synchrony Financial by 65.2% during the first quarter. AQR Capital Management LLC now owns 10,848,426 shares of the financial services provider’s stock valued at $346,065,000 after buying an additional 4,281,422 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Synchrony Financial by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 10,348,447 shares of the financial services provider’s stock valued at $242,414,000 after buying an additional 686,204 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Synchrony Financial by 5.1% during the first quarter. Northern Trust Corp now owns 7,670,887 shares of the financial services provider’s stock valued at $244,702,000 after buying an additional 372,055 shares during the last quarter. Hedge funds and other institutional investors own 85.05% of the company’s stock.

A number of research firms have recently commented on SYF. Royal Bank of Canada reiterated an “outperform” rating and set a $39.00 price target on shares of Synchrony Financial in a report on Friday, May 3rd. ValuEngine cut shares of Synchrony Financial from a “hold” rating to a “sell” rating in a report on Thursday. Morgan Stanley raised their target price on shares of Synchrony Financial from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, April 22nd. BMO Capital Markets set a $43.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a report on Sunday, July 21st. Finally, Buckingham Research started coverage on shares of Synchrony Financial in a report on Monday, July 22nd. They issued a “buy” rating and a $42.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Synchrony Financial presently has an average rating of “Buy” and a consensus price target of $38.07.

In other news, insider Margaret M. Keane sold 125,000 shares of Synchrony Financial stock in a transaction on Friday, June 14th. The shares were sold at an average price of $33.82, for a total transaction of $4,227,500.00. Following the transaction, the insider now owns 648,901 shares in the company, valued at approximately $21,945,831.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David P. Melito sold 3,204 shares of Synchrony Financial stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $36.00, for a total transaction of $115,344.00. Following the transaction, the insider now owns 23,567 shares in the company, valued at approximately $848,412. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

SYF stock traded down $0.24 on Friday, hitting $35.06. The company had a trading volume of 3,508,590 shares, compared to its average volume of 3,976,669. Synchrony Financial has a 12-month low of $21.77 and a 12-month high of $36.87. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average of $35.27. The company has a market capitalization of $23.80 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, July 19th. The financial services provider reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Synchrony Financial had a net margin of 17.82% and a return on equity of 19.50%. During the same quarter last year, the company posted $0.92 EPS. Analysts anticipate that Synchrony Financial will post 4.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, August 2nd. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.21. Synchrony Financial’s dividend payout ratio (DPR) is currently 22.46%.

About Synchrony Financial

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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