Zeke Capital Advisors LLC acquired a new stake in Synchrony Financial (NYSE:SYF) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,078 shares of the financial services provider’s stock, valued at approximately $344,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SYF. Westside Investment Management Inc. lifted its stake in shares of Synchrony Financial by 32.1% during the 2nd quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock worth $104,000 after buying an additional 867 shares during the last quarter. First Quadrant L P CA lifted its stake in shares of Synchrony Financial by 55.4% during the 2nd quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,328 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Synchrony Financial by 39.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,280 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Synchrony Financial by 19.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after buying an additional 880 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Synchrony Financial by 9.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock worth $160,000 after buying an additional 486 shares during the last quarter. 85.68% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on SYF. Jefferies Group raised their target price on shares of Synchrony Financial to $44.00 and gave the stock a “top pick” rating in a research note on Friday. Barclays restated a “buy” rating and set a $43.00 target price on shares of Synchrony Financial in a research note on Tuesday, November 21st. Zacks Investment Research upgraded shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Morgan Stanley raised their target price on shares of Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Finally, JMP Securities raised their target price on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a research note on Monday, October 23rd. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Synchrony Financial presently has a consensus rating of “Buy” and a consensus price target of $37.14.

Shares of Synchrony Financial (NYSE:SYF) traded up $0.05 during trading on Friday, reaching $35.94. 7,335,506 shares of the company’s stock traded hands, compared to its average volume of 5,980,511. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $38.06. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.38. The firm has a market cap of $28,087.21, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.06. Synchrony Financial had a net margin of 13.17% and a return on equity of 14.84%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the previous year, the company earned $0.73 EPS. equities analysts forecast that Synchrony Financial will post 2.59 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, November 3rd. Synchrony Financial’s payout ratio is presently 22.90%.

In other news, insider Jonathan S. Mothner sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $32.82, for a total value of $49,230.00. Following the completion of the transaction, the insider now directly owns 113,934 shares in the company, valued at approximately $3,739,313.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan S. Mothner sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $33.50, for a total transaction of $33,500.00. Following the completion of the transaction, the insider now owns 113,578 shares of the company’s stock, valued at $3,804,863. The disclosure for this sale can be found here. Insiders sold a total of 5,080 shares of company stock valued at $173,030 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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Synchrony Financial Profile

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

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

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