Synchrony Financial (NYSE:SYF) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC reduced its position in Synchrony Financial (NYSE:SYF - Free Report) by 58.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 37,928 shares of the financial services provider's stock after selling 54,238 shares during the quarter. Dumont & Blake Investment Advisors LLC's holdings in Synchrony Financial were worth $1,892,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SYF. Wellington Management Group LLP increased its stake in Synchrony Financial by 18.5% in the 4th quarter. Wellington Management Group LLP now owns 65,514 shares of the financial services provider's stock valued at $2,502,000 after buying an additional 10,207 shares during the period. Park Avenue Securities LLC grew its stake in shares of Synchrony Financial by 5.0% during the 1st quarter. Park Avenue Securities LLC now owns 12,161 shares of the financial services provider's stock worth $524,000 after purchasing an additional 576 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Synchrony Financial during the 1st quarter worth $60,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Synchrony Financial by 11.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,036 shares of the financial services provider's stock worth $648,000 after purchasing an additional 1,530 shares during the period. Finally, Hennessy Advisors Inc. grew its stake in shares of Synchrony Financial by 76.9% during the 1st quarter. Hennessy Advisors Inc. now owns 23,000 shares of the financial services provider's stock worth $992,000 after purchasing an additional 10,000 shares during the period. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Trading Down 0.2 %

Shares of SYF stock traded down $0.11 during trading hours on Friday, hitting $55.15. 3,144,275 shares of the company were exchanged, compared to its average volume of 3,938,657. The firm has a market cap of $22.15 billion, a PE ratio of 7.95, a PEG ratio of 1.22 and a beta of 1.61. Synchrony Financial has a 1 year low of $27.65 and a 1 year high of $57.26. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average of $50.19 and a 200 day moving average of $47.00.

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, topping 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 net margin of 13.98% and a return on equity of 16.64%. The company's revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 EPS. Analysts expect that Synchrony Financial will post 6.19 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.25 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.81%. Synchrony Financial's payout ratio is 14.35%.

Insider Activity at Synchrony Financial

In related news, insider Brian J. Sr. Wenzel sold 74,698 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following the transaction, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Brian J. Sr. Wenzel sold 74,698 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following the transaction, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bart Schaller sold 930 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total transaction of $47,281.20. Following the completion of the transaction, the insider now owns 49,390 shares in the company, valued at $2,510,987.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

SYF has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Synchrony Financial from $37.00 to $40.00 and gave the stock an "underweight" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on shares of Synchrony Financial from $46.00 to $52.00 and gave the stock a "neutral" rating in a research note on Monday, July 8th. Jefferies Financial Group increased their price objective on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price objective on shares of Synchrony Financial from $55.00 to $62.00 and gave the company a "sector perform" rating in a research note on Thursday, October 17th. Finally, JMP Securities reissued a "market outperform" rating and issued a $60.00 price objective on shares of Synchrony Financial in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.25.

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.