19,739 Shares in Synchrony Financial (NYSE:SYF) Purchased by Unigestion Holding SA

Unigestion Holding SA purchased a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,739 shares of the financial services provider's stock, valued at approximately $985,000.

Several other large investors also recently modified their holdings of the business. Larson Financial Group LLC grew its holdings in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after purchasing an additional 292 shares during the period. Altshuler Shaham Ltd bought a new position in shares of Synchrony Financial in the second quarter worth about $31,000. International Assets Investment Management LLC bought a new stake in Synchrony Financial in the 2nd quarter valued at $33,000. WR Wealth Planners LLC increased its stake in Synchrony Financial by 83.6% during the second 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 during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Synchrony Financial in the 2nd quarter worth about $39,000. 96.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SYF. StockNews.com raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a report on Wednesday, October 9th. Wells Fargo & Company upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Robert W. Baird set a $62.00 price objective on Synchrony Financial in a research report on Thursday, October 17th. The Goldman Sachs Group increased their price target on shares of Synchrony Financial from $64.00 to $72.50 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group lifted 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. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.53.

Insider Buying and Selling

In other Synchrony Financial news, 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 approximately $8,291,879.13. This trade represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Curtis Howse sold 21,934 shares of the firm's stock in a transaction dated 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 directly owns 99,743 shares in the company, valued at $5,498,831.59. The trade was 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 currently owned by company insiders.

Synchrony Financial Price Performance

Shares of SYF stock traded up $1.66 on Wednesday, reaching $68.53. The company had a trading volume of 4,386,962 shares, compared to its average volume of 3,941,461. Synchrony Financial has a one year low of $35.23 and a one year high of $69.39. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $26.68 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. The business's 50-day moving average is $60.14 and its 200 day moving average is $51.71.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.17. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 EPS. Equities research analysts forecast that Synchrony Financial will post 6.53 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders 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 1.46%. The ex-dividend date of this dividend was Monday, November 4th. Synchrony Financial's payout ratio is presently 13.05%.

About Synchrony Financial

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.