Caprock Group LLC Has $2.31 Million Holdings in Synchrony Financial (NYSE:SYF)

Caprock Group LLC lifted its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 20.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,333 shares of the financial services provider's stock after acquiring an additional 7,985 shares during the quarter. Caprock Group LLC's holdings in Synchrony Financial were worth $2,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in shares of Synchrony Financial in the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new position in shares of Synchrony Financial in the 2nd quarter valued at approximately $33,000. WR Wealth Planners LLC boosted its position in Synchrony Financial by 83.6% during the second quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider's stock worth $34,000 after purchasing an additional 326 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Synchrony Financial during the second quarter valued at approximately $39,000. Finally, Family Firm Inc. acquired a new position in Synchrony Financial in the 2nd quarter valued at $42,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the completion of the transaction, the insider now owns 127,587 shares in the company, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis Howse sold 21,934 shares of the stock in a transaction dated 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 sale, the insider now owns 99,743 shares of the company's stock, valued at approximately $5,498,831.59. The trade was a 18.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

SYF has been the topic of several recent analyst reports. Barclays lifted their price target on Synchrony Financial from $49.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Compass Point boosted their price objective on shares of Synchrony Financial from $56.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Evercore ISI boosted their price target on Synchrony Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Bank of America raised Synchrony Financial from a "neutral" rating to a "buy" rating and set a $54.00 price objective on the stock in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Synchrony Financial from $58.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Synchrony Financial currently has an average rating of "Moderate Buy" and an average price target of $57.43.

Synchrony Financial Price Performance

SYF traded up $0.75 during trading on Wednesday, hitting $64.40. 2,923,237 shares of the stock traded hands, compared to its average volume of 3,977,225. The business has a 50 day moving average price of $54.69 and a 200 day moving average price of $49.36. The company has a market cap of $25.07 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 0.90 and a beta of 1.59. Synchrony Financial has a twelve month low of $29.15 and a twelve month high of $67.76. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.17. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. Synchrony Financial's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $1.48 earnings per share. Equities research analysts forecast that Synchrony Financial will post 6.52 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.55%. Synchrony Financial's payout ratio is presently 13.05%.

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.