FCG Investment Co Takes $1.05 Million Position in Synchrony Financial (NYSE:SYF)

FCG Investment Co acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,119 shares of the financial services provider's stock, valued at approximately $1,053,000.

Other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Synchrony Financial during the 1st quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new stake in shares of Synchrony Financial in the 2nd quarter worth approximately $33,000. WR Wealth Planners LLC boosted its position in Synchrony Financial by 83.6% during the 2nd quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 326 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Synchrony Financial during the 2nd quarter worth $39,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Synchrony Financial Stock Up 3.0 %

SYF stock traded up $1.64 during mid-day trading on Monday, hitting $56.79. The stock had a trading volume of 3,541,247 shares, compared to its average volume of 3,937,082. The stock has a market capitalization of $22.80 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.19 and a beta of 1.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. Synchrony Financial has a 1-year low of $27.68 and a 1-year high of $57.26. The company has a fifty day moving average of $50.37 and a 200 day moving average of $47.16.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued 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. 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 analyst estimates of $3.76 billion. During the same quarter last year, the firm earned $1.48 earnings per share. The company's revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts expect that Synchrony Financial will post 6.28 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.76%. Synchrony Financial's dividend payout ratio (DPR) is currently 14.35%.

Analyst Ratings Changes

SYF has been the topic of several recent research reports. Robert W. Baird set a $62.00 price objective on shares of Synchrony Financial in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on Synchrony Financial from $58.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their target price on Synchrony Financial from $49.00 to $56.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Evercore ISI decreased their price target on Synchrony Financial from $59.00 to $58.00 and set an "outperform" rating for the company in a research note on Monday, October 7th. Finally, Compass Point lifted their price objective on shares of Synchrony Financial from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $56.25.

Synchrony Financial Company 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.