APG Asset Management N.V. Has $37.78 Million Position in Synchrony Financial (NYSE:SYF)

APG Asset Management N.V. decreased its holdings in shares of Synchrony Financial (NYSE:SYF) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 858,128 shares of the financial services provider’s stock after selling 51,415 shares during the period. APG Asset Management N.V. owned approximately 0.22% of Synchrony Financial worth $37,784,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. US Bancorp DE lifted its position in Synchrony Financial by 0.8% in the 4th quarter. US Bancorp DE now owns 34,804 shares of the financial services provider’s stock valued at $1,329,000 after acquiring an additional 268 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Synchrony Financial by 4.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,033 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 506 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Synchrony Financial by 3.8% in the fourth quarter. TD Asset Management Inc now owns 148,478 shares of the financial services provider’s stock valued at $5,670,000 after purchasing an additional 5,478 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Synchrony Financial by 21.5% during the fourth quarter. Stifel Financial Corp now owns 131,787 shares of the financial services provider’s stock valued at $5,033,000 after buying an additional 23,284 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in Synchrony Financial by 55,621.4% during the fourth quarter. TFO Wealth Partners LLC now owns 15,602 shares of the financial services provider’s stock worth $596,000 after buying an additional 15,574 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JMP Securities raised their price objective on Synchrony Financial from $49.00 to $60.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 16th. Robert W. Baird began coverage on shares of Synchrony Financial in a research report on Friday, June 28th. They issued an “outperform” rating and a $56.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Synchrony Financial from $46.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Barclays upped their target price on Synchrony Financial from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Finally, Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $50.41.

Synchrony Financial Trading Up 1.2 %

Shares of Synchrony Financial stock opened at $49.65 on Friday. The company’s 50-day moving average price is $48.18 and its 200-day moving average price is $45.51. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.09. Synchrony Financial has a 12-month low of $27.30 and a 12-month high of $52.67. The company has a market cap of $19.62 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 1.13 and a beta of 1.62.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.35 by $0.20. The firm had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $4.44 billion. Synchrony Financial had a net margin of 13.52% and a return on equity of 16.06%. During the same period last year, the firm earned $1.32 EPS. On average, equities analysts expect that Synchrony Financial will post 5.79 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were issued a $0.25 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 2.01%. Synchrony Financial’s payout ratio is currently 14.35%.

Insider Activity

In related news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total value of $47,281.20. Following the transaction, the insider now directly owns 49,390 shares in the company, valued at $2,510,987.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Bart Schaller sold 930 shares of Synchrony Financial stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total transaction of $47,281.20. Following the completion of the sale, the insider now directly owns 49,390 shares of the company’s stock, valued at approximately $2,510,987.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following the completion of the transaction, the insider now directly owns 76,251 shares in the company, valued at approximately $3,563,209.23. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

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.