Synchrony Financial (NYSE:SYF) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its position in Synchrony Financial (NYSE:SYF) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,297 shares of the financial services provider’s stock after acquiring an additional 624 shares during the quarter. IFM Investors Pty Ltd’s holdings in Synchrony Financial were worth $5,701,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SYF. Headlands Technologies LLC acquired a new position in shares of Synchrony Financial in the 1st quarter worth approximately $28,000. Altshuler Shaham Ltd acquired a new position in shares of Synchrony Financial in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new position in shares of Synchrony Financial in the 2nd quarter worth approximately $33,000. WR Wealth Planners LLC grew its position in shares of Synchrony Financial by 83.6% in the 2nd 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Synchrony Financial in the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In other news, insider Bart Schaller sold 930 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Bart Schaller sold 930 shares of Synchrony Financial stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $50.84, for a total transaction of $47,281.20. Following the transaction, the insider now owns 49,390 shares in the company, valued at approximately $2,510,987.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial 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 transaction, the insider now owns 76,251 shares in the company, valued at $3,563,209.23. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Synchrony Financial Stock Down 0.2 %

SYF opened at $55.15 on Friday. Synchrony Financial has a one year low of $27.65 and a one year high of $57.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.23 and a current ratio of 1.25. The stock’s fifty day moving average is $50.19 and its 200-day moving average is $47.00. The company has a market capitalization of $22.15 billion, a PE ratio of 7.91, a P/E/G ratio of 1.22 and a beta of 1.61.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 16.64% and a net margin of 13.98%. Synchrony Financial’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 earned $1.48 earnings per share. On average, equities 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Monday, November 4th. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.35%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SYF. Morgan Stanley boosted their price objective on Synchrony Financial from $37.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on Synchrony Financial from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Robert W. Baird set a $62.00 price objective on Synchrony Financial in a research report on Thursday, October 17th. Royal Bank of Canada boosted their price objective on Synchrony Financial from $55.00 to $62.00 and gave the company a “sector perform” rating in a research report on Thursday, October 17th. Finally, Evercore ISI reduced their price objective on Synchrony Financial from $59.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. One 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.25.

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.