Quest Partners LLC Has $1.65 Million Stock Position in Synchrony Financial (NYSE:SYF)

Quest Partners LLC boosted its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 32.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,040 shares of the financial services provider's stock after acquiring an additional 8,115 shares during the period. Quest Partners LLC's holdings in Synchrony Financial were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Graypoint LLC grew its position in Synchrony Financial by 4.0% in the 3rd quarter. Graypoint LLC now owns 4,668 shares of the financial services provider's stock valued at $233,000 after acquiring an additional 181 shares in the last quarter. Empirical Finance LLC grew its position 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 buying an additional 204 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position 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 buying an additional 227 shares in the last quarter. Wedmont Private Capital grew its position in shares of Synchrony Financial by 3.3% during the third quarter. Wedmont Private Capital now owns 7,508 shares of the financial services provider's stock worth $387,000 after buying an additional 242 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its position in shares of Synchrony Financial by 0.5% during the second quarter. 1832 Asset Management L.P. now owns 52,242 shares of the financial services provider's stock worth $2,465,000 after buying an additional 251 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TD Cowen boosted their price objective on Synchrony Financial from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Wells Fargo & Company boosted their price objective on Synchrony Financial from $53.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their price target on Synchrony Financial from $55.00 to $62.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 17th. Compass Point upped their price target on Synchrony Financial from $56.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, BTIG Research cut Synchrony Financial from a "buy" rating to a "neutral" rating in a research report on Monday, September 16th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Synchrony Financial presently has an average rating of "Moderate Buy" and an average target price of $57.43.

Insider Transactions at Synchrony Financial

In related news, insider Curtis Howse sold 21,934 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares in the company, valued at $5,498,831.59. This trade represents a 18.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.33% of the company's stock.

Synchrony Financial Trading Down 0.6 %

Shares of NYSE SYF traded down $0.40 on Tuesday, reaching $63.65. 4,105,714 shares of the company traded hands, compared to its average volume of 3,981,904. 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 fifty-two week low of $29.15 and a fifty-two week high of $67.76. The stock has a market capitalization of $24.78 billion, a PE ratio of 8.30, a P/E/G ratio of 0.90 and a beta of 1.59. The company has a 50 day moving average of $54.34 and a 200 day moving average of $49.24.

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. The company had revenue of $3.81 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS. On average, equities research analysts forecast that Synchrony Financial will post 6.52 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Monday, November 4th. Synchrony Financial's dividend payout ratio (DPR) is presently 13.05%.

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.