Lake Street Advisors Group LLC Has $273,000 Stock Position in Synchrony Financial (NYSE:SYF)

Lake Street Advisors Group LLC lifted its stake in shares of Synchrony Financial (NYSE:SYF) by 9.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,481 shares of the financial services provider’s stock after purchasing an additional 489 shares during the period. Lake Street Advisors Group LLC’s holdings in Synchrony Financial were worth $273,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SYF. Legacy Capital Group California Inc. lifted its stake in Synchrony Financial by 6.6% in the third quarter. Legacy Capital Group California Inc. now owns 12,077 shares of the financial services provider’s stock valued at $602,000 after acquiring an additional 752 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Synchrony Financial by 589.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 644,203 shares of the financial services provider’s stock valued at $32,133,000 after purchasing an additional 550,750 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in Synchrony Financial by 0.5% during the third quarter. IFM Investors Pty Ltd now owns 114,297 shares of the financial services provider’s stock worth $5,701,000 after purchasing an additional 624 shares during the period. CENTRAL TRUST Co increased its position in Synchrony Financial by 6.4% during the third quarter. CENTRAL TRUST Co now owns 8,481 shares of the financial services provider’s stock worth $423,000 after buying an additional 507 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in Synchrony Financial in the third quarter valued at approximately $276,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of SYF stock opened at $55.15 on Friday. The business has a fifty day simple moving average of $50.37 and a 200 day simple moving average of $47.08. The company has a market cap of $22.15 billion, a P/E ratio of 7.91, a P/E/G ratio of 1.22 and a beta of 1.61. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. Synchrony Financial has a twelve month low of $27.65 and a twelve month high of $57.26.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share 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 the consensus estimate of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $1.48 EPS. On average, sell-side analysts forecast that Synchrony Financial will post 6.19 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.35%.

Insider Activity

In other Synchrony Financial news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was 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 of the company’s stock, valued at $2,510,987.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Synchrony Financial news, insider Bart Schaller sold 930 shares of the business’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 transaction of $47,281.20. Following the sale, the insider now directly owns 49,390 shares of the company’s stock, valued at $2,510,987.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sale, the insider now owns 76,251 shares of the company’s stock, valued at $3,563,209.23. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SYF has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on Synchrony Financial from $53.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Jefferies Financial Group increased their price objective on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Evercore ISI reduced their target price on shares of Synchrony Financial from $59.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, October 7th. Morgan Stanley raised their price objective on shares of Synchrony Financial from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Finally, BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. 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 given a strong buy rating to the company. According to data from MarketBeat, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus target price of $56.25.

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.