Tidal Investments LLC Purchases 31,124 Shares of Synchrony Financial (NYSE:SYF)

Tidal Investments LLC lifted its holdings in Synchrony Financial (NYSE:SYF) by 88.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 66,361 shares of the financial services provider’s stock after purchasing an additional 31,124 shares during the quarter. Tidal Investments LLC’s holdings in Synchrony Financial were worth $3,310,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SYF. Wilmington Savings Fund Society FSB bought a new stake in shares of Synchrony Financial in the 3rd quarter valued at about $217,000. World Investment Advisors LLC bought a new position in shares of Synchrony Financial during the third quarter worth approximately $205,000. Sanctuary Advisors LLC increased its stake in Synchrony Financial by 14.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 124,903 shares of the financial services provider’s stock worth $6,230,000 after acquiring an additional 15,733 shares during the period. Pine Valley Investments Ltd Liability Co increased its position in shares of Synchrony Financial by 7.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 57,961 shares of the financial services provider’s stock worth $2,891,000 after purchasing an additional 3,984 shares during the period. Finally, Unigestion Holding SA acquired a new position in shares of Synchrony Financial in the 3rd quarter valued at approximately $985,000. Institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

SYF has been the topic of several analyst reports. Royal Bank of Canada increased their price target on shares of Synchrony Financial from $55.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Evercore ISI upped their price objective on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, TD Cowen boosted their target price on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.53.

Synchrony Financial Trading Down 0.7 %

NYSE:SYF opened at $68.06 on Friday. Synchrony Financial has a 52 week low of $35.29 and a 52 week high of $69.39. 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 firm’s fifty day moving average is $61.22 and its 200-day moving average is $52.18. The firm has a market cap of $26.50 billion, a P/E ratio of 8.89, a P/E/G ratio of 0.82 and a beta of 1.63.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.17. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities analysts expect that Synchrony Financial will post 6.51 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.47%. Synchrony Financial’s dividend payout ratio is currently 13.05%.

Insiders Place Their Bets

In other news, insider Curtis Howse sold 21,934 shares of the firm’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 completion of the sale, the insider now owns 99,743 shares of the company’s stock, valued at $5,498,831.59. This trade represents a 18.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the transaction, the insider now owns 127,587 shares in the company, valued at $8,291,879.13. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

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.