Consolidated Planning Corp Buys 2,814 Shares of Synchrony Financial (NYSE:SYF)

Consolidated Planning Corp lifted its stake in shares of Synchrony Financial (NYSE:SYF) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,738 shares of the financial services provider’s stock after acquiring an additional 2,814 shares during the quarter. Consolidated Planning Corp’s holdings in Synchrony Financial were worth $5,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Boston Partners lifted its holdings in Synchrony Financial by 66.6% in the first quarter. Boston Partners now owns 6,374,260 shares of the financial services provider’s stock valued at $274,892,000 after buying an additional 2,548,180 shares during the period. Los Angeles Capital Management LLC grew its stake in 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 worth $71,739,000 after purchasing an additional 1,217,872 shares during the period. AQR Capital Management LLC increased its holdings in Synchrony Financial by 14.6% in the second 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 in the last quarter. Acadian Asset Management LLC lifted its stake in Synchrony Financial by 400.2% in the second quarter. Acadian Asset Management LLC now owns 842,539 shares of the financial services provider’s stock valued at $39,751,000 after buying an additional 674,093 shares during the period. Finally, Candriam S.C.A. boosted its holdings 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 buying an additional 597,900 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Insider Transactions at Synchrony Financial

In related 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 transaction of $1,209,221.42. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the 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 sale, the insider now owns 76,251 shares in the company, valued at $3,563,209.23. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $64.63 on Friday. The firm has a market cap of $25.16 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.31 and a beta of 1.59. The stock has a fifty day simple moving average of $51.84 and a two-hundred day simple moving average of $48.05. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. Synchrony Financial has a 1-year low of $28.84 and a 1-year high of $67.76.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data 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 company had revenue of $3.81 billion during 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%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 EPS. Analysts anticipate that Synchrony Financial will post 6.42 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given 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 1.55%. Synchrony Financial’s dividend payout ratio is currently 13.05%.

Analyst Upgrades and Downgrades

SYF has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Synchrony Financial from $53.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. JMP Securities reissued a “market outperform” rating and set a $60.00 price objective on shares of Synchrony Financial in a research report on Monday, October 14th. Evercore ISI boosted their target price on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price target on Synchrony Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, TD Cowen lifted their price target on shares of Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

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.