Synchrony Financial (NYSE:SYF) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 32.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 142,445 shares of the financial services provider's stock after acquiring an additional 34,528 shares during the quarter. Quantinno Capital Management LP's holdings in Synchrony Financial were worth $7,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Graypoint LLC increased 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 buying an additional 181 shares during the period. Empirical Finance LLC increased its position in Synchrony Financial by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider's stock valued at $773,000 after purchasing an additional 204 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Synchrony Financial by 1.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,995 shares of the financial services provider's stock valued at $997,000 after purchasing an additional 227 shares during the period. Wedmont Private Capital increased its position in Synchrony Financial by 3.3% during the 3rd 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 position in Synchrony Financial by 0.5% during the 2nd 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 period. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Performance

NYSE SYF traded up $1.00 on Friday, hitting $67.92. 3,423,147 shares of the company's stock traded hands, compared to its average volume of 3,582,129. 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 $34.42 and a 1-year high of $69.00. The firm's 50-day moving average price is $59.42 and its two-hundred day moving average price is $51.31. The firm has a market capitalization of $26.44 billion, a PE ratio of 8.87, a P/E/G ratio of 0.92 and a beta of 1.63.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.98% and a return on equity of 16.64%. The business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the previous year, the business posted $1.48 EPS. The business's quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts expect that Synchrony Financial will post 6.52 EPS for the current year.

Synchrony Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on SYF. TD Cowen raised their target price on shares of Synchrony Financial from $60.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Barclays raised their target price on shares of Synchrony Financial from $49.00 to $59.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. BTIG Research cut shares of Synchrony Financial from a "buy" rating to a "neutral" rating in a report on Monday, September 16th. Evercore ISI raised their price target on shares of Synchrony Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Bank of America upgraded shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $54.00 price target on the stock in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.68.

Insider Activity

In related news, insider Curtis Howse sold 21,934 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the sale, the insider now directly owns 99,743 shares of the company's stock, valued at approximately $5,498,831.59. This represents a 18.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jonathan S. Mothner sold 34,163 shares of the 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 sale, the insider now directly owns 127,587 shares in the company, valued at $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

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.