Integrated Wealth Concepts LLC Has $3.15 Million Stock Position in Synchrony Financial (NYSE:SYF)

Integrated Wealth Concepts LLC reduced its stake in Synchrony Financial (NYSE:SYF - Free Report) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,165 shares of the financial services provider's stock after selling 13,180 shares during the period. Integrated Wealth Concepts LLC's holdings in Synchrony Financial were worth $3,151,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SYF. Cetera Investment Advisers acquired a new position in Synchrony Financial in the 1st quarter worth $2,192,000. Cetera Advisors LLC increased its holdings in Synchrony Financial by 13.3% during the 1st quarter. Cetera Advisors LLC now owns 10,805 shares of the financial services provider's stock worth $466,000 after purchasing an additional 1,268 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Synchrony Financial by 46.0% in the 2nd quarter. Park Avenue Securities LLC now owns 17,750 shares of the financial services provider's stock valued at $838,000 after purchasing an additional 5,589 shares in the last quarter. CWM LLC raised its position in shares of Synchrony Financial by 56.5% in the 2nd quarter. CWM LLC now owns 20,246 shares of the financial services provider's stock valued at $955,000 after purchasing an additional 7,307 shares in the last quarter. Finally, Simplicity Wealth LLC grew its position in shares of Synchrony Financial by 7.3% during the second quarter. Simplicity Wealth LLC now owns 15,117 shares of the financial services provider's stock worth $713,000 after buying an additional 1,023 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the sale, the insider now owns 127,587 shares in the company, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Curtis Howse sold 21,934 shares of Synchrony Financial stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 99,743 shares in the company, valued at approximately $5,498,831.59. This trade 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 corporate insiders.

Synchrony Financial Price Performance

Shares of SYF stock traded up $1.00 during midday trading on Friday, reaching $67.92. 3,419,666 shares of the company were exchanged, compared to its average volume of 3,936,466. The company's 50 day moving average price is $59.05 and its two-hundred day moving average price is $51.10. The company has a market cap of $26.44 billion, a P/E ratio of 8.87, a PEG ratio of 0.93 and a beta of 1.63. Synchrony Financial has a 12 month low of $34.42 and a 12 month high of $69.00. 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 released its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, topping 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 firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm 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, sell-side analysts expect that Synchrony Financial will post 6.52 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Monday, November 4th. Synchrony Financial's payout ratio is currently 13.05%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SYF. JMP Securities reissued a "market outperform" rating and set a $60.00 price objective on shares of Synchrony Financial in a report on Monday, October 14th. Jefferies Financial Group boosted their price objective on Synchrony Financial from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, October 17th. StockNews.com upgraded Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $60.00 to $85.00 in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Synchrony Financial from $58.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $58.68.

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.