Synchrony Financial (NYSE:SYF) Shares Acquired by Burney Co.

Burney Co. lifted its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 536.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 284,284 shares of the financial services provider's stock after acquiring an additional 239,643 shares during the period. Burney Co. owned 0.07% of Synchrony Financial worth $18,478,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Synchrony Financial by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,686,486 shares of the financial services provider's stock valued at $315,381,000 after acquiring an additional 313,128 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Synchrony Financial by 14.6% during the second quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider's stock worth $264,917,000 after purchasing an additional 727,649 shares during the last quarter. Southpoint Capital Advisors LP lifted its holdings in shares of Synchrony Financial by 37.9% during the third quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider's stock worth $229,448,000 after purchasing an additional 1,265,000 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Synchrony Financial by 3.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider's stock valued at $221,830,000 after buying an additional 157,948 shares during the period. Finally, Hsbc Holdings PLC raised its position in Synchrony Financial by 18.7% during the 2nd quarter. Hsbc Holdings PLC now owns 3,131,599 shares of the financial services provider's stock worth $147,599,000 after buying an additional 492,312 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $67.92 on Wednesday. Synchrony Financial has a 1 year low of $35.29 and a 1 year high of $69.39. The firm has a market cap of $26.44 billion, a P/E ratio of 8.87, a PEG ratio of 0.82 and a beta of 1.64. The stock has a fifty day moving average price of $66.10 and a two-hundred day moving average price of $55.66. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, topping 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 analysts' expectations of $3.76 billion. During the same period in the previous year, the business earned $1.48 earnings per share. Synchrony Financial's revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts forecast that Synchrony Financial will post 6.51 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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

Insider Buying and Selling at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 34,163 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the transaction, the insider now owns 127,587 shares in the company, valued at $8,291,879.13. This represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis Howse sold 21,934 shares of the firm's stock in a transaction that occurred 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 sale, the insider now 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 disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $59.00 to $72.00 in a report on Monday, December 9th. JMP Securities reissued a "market outperform" rating and issued a $60.00 target price on shares of Synchrony Financial in a report on Monday, October 14th. Evercore ISI increased 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. TD Cowen boosted their price objective on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Finally, 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 report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $65.45.

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.

Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.