Synchrony Financial (NYSE:SYF) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd cut its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 47.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,259 shares of the financial services provider's stock after selling 10,985 shares during the quarter. Quadrature Capital Ltd's holdings in Synchrony Financial were worth $611,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Graypoint LLC grew its stake in Synchrony Financial by 4.0% in the 3rd quarter. Graypoint LLC now owns 4,668 shares of the financial services provider's stock worth $233,000 after acquiring an additional 181 shares during the period. Empirical Finance LLC boosted its holdings in shares of Synchrony Financial by 1.3% during the third quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider's stock worth $773,000 after purchasing an additional 204 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Synchrony Financial by 1.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,995 shares of the financial services provider's stock worth $997,000 after purchasing an additional 227 shares during the last quarter. Wedmont Private Capital grew its position in shares of Synchrony Financial by 3.3% in the third quarter. Wedmont Private Capital now owns 7,508 shares of the financial services provider's stock valued at $387,000 after purchasing an additional 242 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in Synchrony Financial by 0.5% in the second quarter. 1832 Asset Management L.P. now owns 52,242 shares of the financial services provider's stock valued at $2,465,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Up 0.0 %

SYF traded up $0.01 on Monday, reaching $67.93. The company's stock had a trading volume of 4,537,202 shares, compared to its average volume of 3,939,001. Synchrony Financial has a 1 year low of $35.12 and a 1 year high of $69.36. The business's 50 day moving average is $59.42 and its 200 day moving average is $51.37. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $26.45 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The company had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the prior year, the business posted $1.48 EPS. The business's revenue was up 9.8% on a year-over-year basis. As a group, research analysts forecast that Synchrony Financial will post 6.53 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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

Insider Transactions at Synchrony Financial

In related news, insider Curtis Howse sold 21,934 shares of the firm'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 directly owns 99,743 shares in the company, valued at $5,498,831.59. This trade represents a 18.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction on 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 completion of the transaction, the insider now directly owns 127,587 shares of the company's stock, valued at approximately $8,291,879.13. This represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SYF shares. Evercore ISI raised their price target on Synchrony Financial from $58.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their target price on shares of Synchrony Financial from $55.00 to $62.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 17th. StockNews.com raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, October 9th. Wells Fargo & Company upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd. Finally, JMP Securities restated a "market outperform" rating and set a $60.00 price objective on shares of Synchrony Financial in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $60.68.

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.