Synchrony Financial (NYSE:SYF) Shares Bought by Factorial Partners LLC

Factorial Partners LLC raised its stake in Synchrony Financial (NYSE:SYF - Free Report) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,000 shares of the financial services provider's stock after purchasing an additional 11,000 shares during the period. Synchrony Financial accounts for about 2.9% of Factorial Partners LLC's holdings, making the stock its 8th biggest position. Factorial Partners LLC's holdings in Synchrony Financial were worth $5,038,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Altshuler Shaham Ltd bought a new stake in shares of Synchrony Financial in the 2nd quarter worth about $31,000. International Assets Investment Management LLC bought a new position in Synchrony Financial during the second quarter valued at approximately $33,000. WR Wealth Planners LLC increased its stake in shares of Synchrony Financial by 83.6% in the 2nd quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider's stock worth $34,000 after acquiring an additional 326 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Synchrony Financial in the second quarter worth approximately $39,000. Finally, Family Firm Inc. bought a new stake in Synchrony Financial in the 2nd quarter worth approximately $42,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SYF. Bank of America raised shares of Synchrony Financial from a "neutral" rating to a "buy" rating and set a $54.00 target price on the stock in a research note on Friday, August 9th. BTIG Research lowered shares of Synchrony Financial from a "buy" rating to a "neutral" rating in a research note on Monday, September 16th. Jefferies Financial Group boosted their price target on Synchrony Financial from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Wells Fargo & Company lifted their price target on shares of Synchrony Financial from $53.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Finally, JMP Securities restated a "market outperform" rating and set a $60.00 target price on shares of Synchrony Financial in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Synchrony Financial presently has an average rating of "Moderate Buy" and an average target price of $57.43.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of the business's stock in a transaction dated Friday, November 15th. The shares were 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 approximately $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Curtis Howse sold 21,934 shares of the company'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 completion of the transaction, the insider now directly owns 99,743 shares of the company's stock, valued at $5,498,831.59. This represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Synchrony Financial Stock Up 1.2 %

Synchrony Financial stock traded up $0.75 during midday trading on Wednesday, hitting $64.40. 2,923,237 shares of the stock were exchanged, compared to its average volume of 3,977,200. The business's 50-day moving average price is $54.69 and its 200-day moving average price is $49.36. The stock has a market capitalization of $25.07 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. Synchrony Financial has a 52-week low of $29.15 and a 52-week high of $67.76.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm earned $1.48 EPS. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. On average, research analysts expect that Synchrony Financial will post 6.52 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Monday, November 4th. Synchrony Financial's payout ratio is currently 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.