Synchrony Financial (NYSE:SYF) Stake Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in Synchrony Financial (NYSE:SYF - Free Report) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,199,554 shares of the financial services provider's stock after purchasing an additional 37,484 shares during the period. Robeco Institutional Asset Management B.V. owned 0.55% of Synchrony Financial worth $109,714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Synchrony Financial by 11.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,036 shares of the financial services provider's stock valued at $648,000 after purchasing an additional 1,530 shares during the period. Norden Group LLC purchased a new position in Synchrony Financial in the first quarter valued at approximately $723,000. First Trust Direct Indexing L.P. increased its stake in Synchrony Financial by 12.3% in the first quarter. First Trust Direct Indexing L.P. now owns 12,727 shares of the financial services provider's stock valued at $549,000 after purchasing an additional 1,389 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Synchrony Financial in the first quarter valued at approximately $211,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Synchrony Financial during the first quarter worth approximately $213,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Brian J. Sr. Wenzel sold 74,698 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 76,251 shares of the company's stock, valued at $3,563,209.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, October 9th. Evercore ISI raised their target price on Synchrony Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Barclays raised their target price on Synchrony Financial from $49.00 to $59.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. The Goldman Sachs Group raised their target price on Synchrony Financial from $49.00 to $56.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. raised their target price on Synchrony Financial from $46.00 to $52.00 and gave the company a "neutral" rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.60.

Synchrony Financial Trading Up 0.1 %

SYF traded up $0.06 during midday trading on Monday, hitting $55.06. The company's stock had a trading volume of 3,595,958 shares, compared to its average volume of 3,927,360. 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 52-week low of $28.84 and a 52-week high of $57.37. The firm has a market cap of $21.44 billion, a P/E ratio of 7.19, a PEG ratio of 1.09 and a beta of 1.59. The firm has a 50-day moving average price of $51.32 and a two-hundred day moving average price of $47.80.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating 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 return on equity of 16.64% and a net margin of 13.98%. The business's revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 EPS. On average, research analysts anticipate that Synchrony Financial will post 6.28 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. Synchrony Financial's dividend payout ratio (DPR) is 13.05%.

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.