GSA Capital Partners LLP purchased a new stake in shares of Synchrony Financial (NYSE:SYF – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,281 shares of the financial services provider’s stock, valued at approximately $588,000.
Several other large investors have also recently made changes to their positions in the business. NewEdge Advisors LLC grew its holdings in shares of Synchrony Financial by 8.9% during the 1st quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 679 shares during the last quarter. Woodline Partners LP boosted its position in Synchrony Financial by 36.2% during the first quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock valued at $1,884,000 after buying an additional 9,460 shares during the period. Focus Partners Wealth grew its stake in shares of Synchrony Financial by 7.7% during the first quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock valued at $339,000 after buying an additional 459 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock valued at $31,000 after buying an additional 455 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in shares of Synchrony Financial by 56.1% in the second quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock worth $405,000 after buying an additional 2,178 shares during the period. 96.48% of the stock is owned by hedge funds and other institutional investors.
Synchrony Financial Stock Up 1.5%
Shares of NYSE SYF opened at $73.36 on Monday. The firm has a fifty day simple moving average of $79.00 and a two-hundred day simple moving average of $76.01. Synchrony Financial has a 12 month low of $40.54 and a 12 month high of $88.77. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $25.50 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43.
Synchrony Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, February 6th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, February 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Synchrony Financial’s dividend payout ratio is 12.92%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on SYF shares. JPMorgan Chase & Co. reduced their price target on Synchrony Financial from $86.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Robert W. Baird raised Synchrony Financial from a “neutral” rating to an “outperform” rating and set a $83.00 price objective for the company in a research note on Friday, February 13th. Wall Street Zen cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Wolfe Research assumed coverage on shares of Synchrony Financial in a research note on Monday, December 8th. They issued an “outperform” rating and a $92.00 target price on the stock. Finally, Compass Point raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.11.
Get Our Latest Stock Report on Synchrony Financial
Insider Activity at Synchrony Financial
In related news, Director Arthur W. Coviello, Jr. sold 4,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total value of $289,280.00. Following the sale, the director directly owned 32,444 shares of the company’s stock, valued at $2,346,350.08. This represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis Howse sold 52,556 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $72.32, for a total value of $3,800,849.92. Following the completion of the transaction, the insider owned 94,196 shares of the company’s stock, valued at approximately $6,812,254.72. This trade represents a 35.81% decrease in their position. The SEC filing for this sale provides additional information. 0.33% of the stock is currently owned by corporate insiders.
Synchrony Financial Profile
Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.
Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.
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