Impact Partnership Wealth LLC Trims Stock Holdings in Synchrony Financial (NYSE:SYF)

Impact Partnership Wealth LLC decreased its position in Synchrony Financial (NYSE:SYF) by 11.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,139 shares of the financial services provider’s stock after selling 1,020 shares during the period. Impact Partnership Wealth LLC’s holdings in Synchrony Financial were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised its stake in shares of Synchrony Financial by 6.4% during the 3rd quarter. CENTRAL TRUST Co now owns 8,481 shares of the financial services provider’s stock valued at $423,000 after buying an additional 507 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter valued at about $276,000. Waldron Private Wealth LLC raised its stake in shares of Synchrony Financial by 87.0% during the 3rd quarter. Waldron Private Wealth LLC now owns 8,148 shares of the financial services provider’s stock valued at $406,000 after buying an additional 3,790 shares during the last quarter. Signaturefd LLC raised its stake in shares of Synchrony Financial by 2.7% during the 3rd quarter. Signaturefd LLC now owns 9,877 shares of the financial services provider’s stock valued at $493,000 after buying an additional 261 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Synchrony Financial by 14.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,198 shares of the financial services provider’s stock valued at $309,000 after buying an additional 785 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In other news, 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 transaction, the insider now directly owns 76,251 shares in the company, valued at $3,563,209.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Brian J. Sr. Wenzel sold 74,698 shares of the company’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 value of $3,490,637.54. Following the transaction, the insider now directly owns 76,251 shares in the company, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the insider now owns 49,390 shares in the company, valued at $2,510,987.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

SYF has been the subject of a number of recent research reports. StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. TD Cowen lifted their price target on Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. BMO Capital Markets cut their price target on Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating for the company in a research note on Thursday, July 18th. Jefferies Financial Group lifted 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. Finally, Barclays lifted their price target on Synchrony Financial from $49.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and an average price target of $56.25.

Synchrony Financial Trading Up 0.5 %

Shares of Synchrony Financial stock opened at $55.26 on Friday. The stock has a market cap of $22.19 billion, a P/E ratio of 7.93, a P/E/G ratio of 1.22 and a beta of 1.61. The stock’s 50 day simple moving average is $50.01 and its 200-day simple moving average is $46.94. Synchrony Financial has a 1-year low of $27.42 and a 1-year high of $57.26. 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 (NYSE:SYF) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.17. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 EPS. Analysts predict that Synchrony Financial will post 6.19 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently announced 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 1.81%. Synchrony Financial’s dividend payout ratio is currently 14.35%.

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.