Synchrony Financial (NYSE:SYF) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 9.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,664,300 shares of the financial services provider's stock after acquiring an additional 144,091 shares during the period. Los Angeles Capital Management LLC owned about 0.43% of Synchrony Financial worth $83,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SYF. Kerusso Capital Management LLC raised its position in shares of Synchrony Financial by 6.4% during the 3rd quarter. Kerusso Capital Management LLC now owns 78,002 shares of the financial services provider's stock worth $3,891,000 after purchasing an additional 4,713 shares during the last quarter. Assetmark Inc. increased its stake in Synchrony Financial by 2.2% during the 3rd quarter. Assetmark Inc. now owns 1,319,623 shares of the financial services provider's stock worth $65,823,000 after buying an additional 28,020 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Synchrony Financial by 10.2% during the third quarter. Verdence Capital Advisors LLC now owns 35,893 shares of the financial services provider's stock valued at $1,790,000 after acquiring an additional 3,333 shares during the last quarter. SpiderRock Advisors LLC raised its holdings in shares of Synchrony Financial by 45.6% during the third quarter. SpiderRock Advisors LLC now owns 14,103 shares of the financial services provider's stock valued at $703,000 after acquiring an additional 4,420 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in shares of Synchrony Financial in the third quarter valued at approximately $2,465,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JMP Securities reissued a "market outperform" rating and issued a $60.00 price objective on shares of Synchrony Financial in a research note on Monday, October 14th. BMO Capital Markets reduced their target price on shares of Synchrony Financial from $42.00 to $41.00 and set a "market perform" rating for the company in a research report on Thursday, July 18th. Jefferies Financial Group raised their price target on shares of Synchrony Financial from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. TD Cowen upped their price objective on shares of Synchrony Financial from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada increased their price objective on shares of Synchrony Financial from $55.00 to $62.00 and gave the company a "sector perform" rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $56.60.

Insider Activity

In related news, insider Curtis Howse sold 21,934 shares of the stock in a transaction dated 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 owns 99,743 shares of the company's stock, valued at approximately $5,498,831.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Curtis Howse sold 21,934 shares of Synchrony Financial stock in a transaction that occurred on Friday, November 1st. The shares were 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 approximately $5,498,831.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction that occurred 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 sale, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. This trade represents a 0.00 % 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 Trading Down 1.3 %

NYSE SYF traded down $0.85 during trading hours on Friday, reaching $63.79. The company had a trading volume of 4,786,578 shares, compared to its average volume of 3,971,369. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $24.84 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.59. The stock has a 50-day moving average of $52.41 and a 200 day moving average of $48.35. Synchrony Financial has a 1-year low of $28.84 and a 1-year high of $67.76.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $3.76 billion. During the same period in the prior year, the business posted $1.48 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, research analysts anticipate that Synchrony Financial will post 6.42 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. Synchrony Financial's dividend payout ratio is currently 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.