Venturi Wealth Management LLC Has $83,000 Stock Holdings in Synchrony Financial (NYSE:SYF)

Venturi Wealth Management LLC raised its stake in shares of Synchrony Financial (NYSE:SYF) by 36.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,662 shares of the financial services provider’s stock after purchasing an additional 445 shares during the quarter. Venturi Wealth Management LLC’s holdings in Synchrony Financial were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Boston Partners lifted its position in shares of Synchrony Financial by 66.6% during the 1st quarter. Boston Partners now owns 6,374,260 shares of the financial services provider’s stock worth $274,892,000 after buying an additional 2,548,180 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Synchrony Financial by 402.8% during the second quarter. Los Angeles Capital Management LLC now owns 1,520,209 shares of the financial services provider’s stock valued at $71,739,000 after acquiring an additional 1,217,872 shares during the period. AQR Capital Management LLC boosted its stake in shares of 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 valued at $264,917,000 after purchasing an additional 727,649 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Synchrony Financial by 400.2% in the 2nd quarter. Acadian Asset Management LLC now owns 842,539 shares of the financial services provider’s stock worth $39,751,000 after purchasing an additional 674,093 shares during the last quarter. Finally, Candriam S.C.A. increased its position in shares of Synchrony Financial by 1,043.9% during the 2nd quarter. Candriam S.C.A. now owns 655,173 shares of the financial services provider’s stock worth $30,916,000 after purchasing an additional 597,900 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Stock Down 0.4 %

Shares of NYSE:SYF opened at $64.89 on Friday. The company has a 50 day moving average price of $53.35 and a two-hundred day moving average price of $48.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $25.26 billion, a PE ratio of 8.47, a PEG ratio of 1.25 and a beta of 1.59. Synchrony Financial has a 52 week low of $28.84 and a 52 week high of $67.76.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $1.48 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Analysts forecast that Synchrony Financial will post 6.52 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.54%. Synchrony Financial’s dividend payout ratio is currently 13.05%.

Insider Buying and Selling

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was 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 $5,498,831.59. This represents a 18.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the firm’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 of the company’s stock, valued at $3,563,209.23. This represents a 49.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SYF. BMO Capital Markets reduced their price target on shares of Synchrony Financial from $42.00 to $41.00 and set a “market perform” rating on the stock in a research report on Thursday, July 18th. Evercore ISI increased their price target on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BTIG Research downgraded Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada lifted their price target on Synchrony Financial from $55.00 to $62.00 and gave the company a “sector perform” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.60.

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.