Farther Finance Advisors LLC Has $87,000 Stock Position in Synchrony Financial (NYSE:SYF)

Farther Finance Advisors LLC lifted its holdings in Synchrony Financial (NYSE:SYF) by 39.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,749 shares of the financial services provider’s stock after purchasing an additional 496 shares during the period. Farther Finance Advisors LLC’s holdings in Synchrony Financial were worth $87,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Synchrony Financial in the first quarter valued at about $28,000. Altshuler Shaham Ltd bought a new stake in Synchrony Financial during the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new stake in Synchrony Financial during the 2nd quarter valued at approximately $33,000. WR Wealth Planners LLC grew its holdings in Synchrony Financial by 83.6% in the 2nd quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock valued at $34,000 after buying an additional 326 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Synchrony Financial in the 2nd quarter worth approximately $39,000. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird set a $62.00 price objective on Synchrony Financial in a research report on Thursday, October 17th. Morgan Stanley increased their price target on shares of Synchrony Financial from $37.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group boosted their price objective on shares of Synchrony Financial from $49.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays increased their target price on shares of Synchrony Financial from $49.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, TD Cowen boosted their price target on Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.60.

Synchrony Financial Price Performance

NYSE:SYF opened at $65.12 on Wednesday. The firm has a market cap of $25.35 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.59. The company’s 50-day moving average price is $52.71 and its two-hundred day moving average price is $48.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. Synchrony Financial has a 12 month low of $28.84 and a 12 month high of $67.76.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the business posted $1.48 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts anticipate that Synchrony Financial will post 6.42 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.54%. The ex-dividend date is Monday, November 4th. Synchrony Financial’s dividend payout ratio is 13.05%.

Insider Buying and Selling at Synchrony Financial

In other news, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the transaction, the insider now owns 99,743 shares of the company’s stock, valued at $5,498,831.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Curtis Howse sold 21,934 shares of the 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 transaction, the insider now owns 99,743 shares of the company’s stock, valued at $5,498,831.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction on Monday, August 19th. The stock was sold at an average price of $46.73, for a total value of $3,490,637.54. Following the sale, the insider now directly owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. This trade represents a 0.00 % 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 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.