Synchrony Financial (NYSE:SYF) Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC decreased its position in Synchrony Financial (NYSE:SYF) by 11.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,139 shares of the financial services provider’s stock after selling 1,020 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Synchrony Financial were worth $406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Synchrony Financial in the first quarter valued at approximately $28,000. Altshuler Shaham Ltd purchased a new stake in Synchrony Financial in the second quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new stake in Synchrony Financial in the second quarter valued at approximately $33,000. WR Wealth Planners LLC increased its position in shares of 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 period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Synchrony Financial during the second quarter worth $39,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

SYF has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price objective on shares of Synchrony Financial in a research report on Monday, October 14th. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. Jefferies Financial Group upped their price objective on Synchrony Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Friday, August 9th. Finally, Morgan Stanley upped their price objective on Synchrony Financial from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.25.

Insider Transactions at Synchrony Financial

In other news, insider Bart Schaller sold 930 shares of the stock in a transaction dated 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 owns 49,390 shares in the company, valued at approximately $2,510,987.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Bart Schaller sold 930 shares of the stock in a transaction dated 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 owns 49,390 shares in the company, valued at approximately $2,510,987.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,563,209.23. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Synchrony Financial Stock Performance

NYSE SYF opened at $55.26 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.23. Synchrony Financial has a 1 year low of $27.42 and a 1 year high of $57.26. The company has a market capitalization of $22.19 billion, a PE ratio of 7.93, a P/E/G ratio of 1.22 and a beta of 1.61. The company has a fifty day moving average of $50.01 and a two-hundred day moving average of $46.94.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Synchrony Financial’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, analysts expect that Synchrony Financial will post 6.19 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. Synchrony Financial’s dividend payout ratio (DPR) is 14.35%.

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.