Graypoint LLC Has $233,000 Stock Holdings in Synchrony Financial (NYSE:SYF)

Graypoint LLC lifted its position in shares of Synchrony Financial (NYSE:SYF) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,668 shares of the financial services provider’s stock after purchasing an additional 181 shares during the quarter. Graypoint LLC’s holdings in Synchrony Financial were worth $233,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SYF. Dimensional Fund Advisors LP increased its holdings in shares of Synchrony Financial by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 6,686,486 shares of the financial services provider’s stock worth $315,381,000 after acquiring an additional 313,128 shares in the last quarter. Boston Partners lifted its position in Synchrony Financial by 66.6% in the 1st quarter. Boston Partners now owns 6,374,260 shares of the financial services provider’s stock valued at $274,892,000 after acquiring an additional 2,548,180 shares in the last quarter. AQR Capital Management LLC boosted its stake in Synchrony Financial by 14.6% in the 2nd quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider’s stock worth $264,917,000 after purchasing an additional 727,649 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Synchrony Financial by 2.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,496,009 shares of the financial services provider’s stock worth $150,748,000 after purchasing an additional 97,235 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Synchrony Financial by 18.7% during the second quarter. Hsbc Holdings PLC now owns 3,131,599 shares of the financial services provider’s stock worth $147,599,000 after buying an additional 492,312 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Insider Activity

In other news, insider Curtis Howse sold 21,934 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were 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 owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 value of $1,209,221.42. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the business’s 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 completion of the transaction, the insider now owns 76,251 shares in the company, 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. 0.33% of the stock is currently owned by insiders.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $63.79 on Friday. The stock has a fifty day moving average of $52.41 and a 200-day moving average of $48.31. The stock has a market capitalization of $24.84 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.59. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. Synchrony Financial has a 52 week low of $28.84 and a 52 week high of $67.76.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results 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. 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%. During the same period in the previous year, the firm posted $1.48 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts expect that Synchrony Financial will post 6.42 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, November 4th. Synchrony Financial’s dividend payout ratio (DPR) is currently 13.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SYF shares. Jefferies Financial Group lifted their price objective on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Barclays lifted their price target on shares of Synchrony Financial from $49.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Wells Fargo & Company increased their price target on Synchrony Financial from $53.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. TD Cowen boosted their price target on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of Synchrony Financial in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

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.