CWA Asset Management Group LLC Has $4.14 Million Stock Holdings in Synchrony Financial (NYSE:SYF)

CWA Asset Management Group LLC increased its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 28.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,672 shares of the financial services provider's stock after purchasing an additional 14,255 shares during the quarter. CWA Asset Management Group LLC's holdings in Synchrony Financial were worth $4,139,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Larson Financial Group LLC increased its position in shares of Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after purchasing an additional 292 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Synchrony Financial during the second quarter worth $31,000. Ashton Thomas Private Wealth LLC bought a new stake in Synchrony Financial during the second quarter worth $39,000. Quarry LP lifted its stake in Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 675 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Synchrony Financial in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Price Performance

Shares of NYSE SYF traded up $0.81 during mid-day trading on Monday, reaching $67.59. The company had a trading volume of 3,180,967 shares, compared to its average volume of 2,483,422. The firm has a market cap of $26.32 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.82 and a beta of 1.64. The business's 50-day simple moving average is $64.93 and its 200 day simple moving average is $54.80. Synchrony Financial has a one year low of $35.29 and a one year high of $69.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.77 by $0.17. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the company posted $1.48 earnings per share. The business's revenue for the quarter was up 9.8% on a year-over-year basis. On average, research analysts predict that Synchrony Financial will post 6.51 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm 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. This represents a $1.00 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Monday, November 4th. Synchrony Financial's payout ratio is presently 13.05%.

Wall Street Analysts Forecast Growth

SYF has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of Synchrony Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Synchrony Financial from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. The Goldman Sachs Group increased their price target on Synchrony Financial from $64.00 to $72.50 and gave the company a "buy" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $64.63.

Insider Buying and Selling at Synchrony Financial

In related news, insider Curtis Howse sold 21,934 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the transaction, the insider now directly owns 99,743 shares in the company, valued at $5,498,831.59. This represents a 18.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Mothner sold 34,163 shares of the 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 directly owns 127,587 shares of the company's stock, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. Company 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.