Synchrony Financial (NYSE:SYF) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC lifted its holdings in shares of Synchrony Financial (NYSE:SYF) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,368 shares of the financial services provider’s stock after buying an additional 516 shares during the period. DGS Capital Management LLC’s holdings in Synchrony Financial were worth $625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Live Oak Investment Partners acquired a new position in shares of Synchrony Financial during the fourth quarter worth approximately $27,000. Covestor Ltd boosted its position in shares of Synchrony Financial by 138.8% during the first quarter. Covestor Ltd now owns 1,108 shares of the financial services provider’s stock worth $39,000 after buying an additional 644 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Synchrony Financial during the third quarter worth approximately $35,000. Zions Bancorporation N.A. lifted its position in Synchrony Financial by 230.5% in the first quarter. Zions Bancorporation N.A. now owns 1,226 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 855 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position in Synchrony Financial by 44.1% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,274 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 390 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Stock Down 1.0 %

Shares of NYSE SYF traded down $0.42 during mid-day trading on Tuesday, reaching $40.05. The company had a trading volume of 1,024,828 shares, compared to its average volume of 4,370,834. Synchrony Financial has a twelve month low of $26.59 and a twelve month high of $43.83. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $16.29 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 1.00 and a beta of 1.61. The stock’s 50 day moving average is $41.08 and its 200-day moving average is $36.15.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. Synchrony Financial had a net margin of 10.68% and a return on equity of 17.37%. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the business posted $1.26 earnings per share. As a group, equities analysts anticipate that Synchrony Financial will post 5.54 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, February 2nd. Synchrony Financial’s dividend payout ratio is presently 19.31%.

Insider Buying and Selling

In related news, insider Curtis Howse sold 6,179 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $42.82, for a total value of $264,584.78. Following the completion of the sale, the insider now directly owns 152,604 shares in the company, valued at $6,534,503.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Synchrony Financial news, insider Brian D. Doubles sold 134,696 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $41.26, for a total transaction of $5,557,556.96. Following the completion of the sale, the insider now directly owns 660,353 shares in the company, valued at $27,246,164.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Curtis Howse sold 6,179 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $42.82, for a total transaction of $264,584.78. Following the sale, the insider now owns 152,604 shares of the company’s stock, valued at $6,534,503.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,158 shares of company stock worth $6,106,106. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

SYF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Synchrony Financial from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Synchrony Financial in a research report on Wednesday, January 10th. They issued a “buy” rating and a $56.00 target price for the company. Bank of America upped their target price on Synchrony Financial from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Morgan Stanley restated an “underweight” rating and issued a $30.00 target price on shares of Synchrony Financial in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group upped their target price on Synchrony Financial from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $41.44.

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.