Foundry Partners LLC Grows Stake in Synchrony Financial (NYSE:SYF)

Foundry Partners LLC boosted its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 25.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 385,450 shares of the financial services provider's stock after purchasing an additional 78,090 shares during the quarter. Synchrony Financial makes up approximately 1.0% of Foundry Partners LLC's holdings, making the stock its 26th biggest position. Foundry Partners LLC owned 0.10% of Synchrony Financial worth $19,226,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners increased its position in Synchrony Financial by 66.6% in the first quarter. Boston Partners now owns 6,374,260 shares of the financial services provider's stock worth $274,892,000 after purchasing an additional 2,548,180 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Synchrony Financial by 402.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,520,209 shares of the financial services provider's stock valued at $71,739,000 after acquiring an additional 1,217,872 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Synchrony Financial by 14.6% in the 2nd quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider's stock valued at $264,917,000 after acquiring an additional 727,649 shares during the last quarter. Acadian Asset Management LLC increased its stake in Synchrony Financial by 400.2% during the second quarter. Acadian Asset Management LLC now owns 842,539 shares of the financial services provider's stock worth $39,751,000 after acquiring an additional 674,093 shares during the last quarter. Finally, Candriam S.C.A. increased its stake in Synchrony Financial by 1,043.9% during the second quarter. Candriam S.C.A. now owns 655,173 shares of the financial services provider's stock worth $30,916,000 after acquiring an additional 597,900 shares during the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jonathan S. Mothner sold 34,163 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the sale, the insider now directly owns 127,587 shares in the company, valued at $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 18.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Synchrony Financial Trading Up 1.2 %

NYSE SYF opened at $64.40 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $55.06 and a two-hundred day simple moving average of $49.47. Synchrony Financial has a 12-month low of $29.15 and a 12-month high of $67.76. The stock has a market cap of $25.07 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.88 and a beta of 1.59.

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 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 for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The company's revenue was up 9.8% on a year-over-year basis. On average, analysts forecast that Synchrony Financial will post 6.52 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, November 4th. Synchrony Financial's payout ratio is 13.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SYF shares. Robert W. Baird set a $62.00 price target on shares of Synchrony Financial in a research note on Thursday, October 17th. BTIG Research lowered shares of Synchrony Financial from a "buy" rating to a "neutral" rating in a research report on Monday, September 16th. Evercore ISI increased their price objective on Synchrony Financial from $58.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their target price on Synchrony Financial from $58.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada lifted their price objective on Synchrony Financial from $55.00 to $62.00 and gave the company a "sector perform" rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $57.43.

About Synchrony Financial

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.

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