FineMark National Bank & Trust decreased its position in shares of Synchrony Financial (NYSE:SYF) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,075 shares of the financial services provider’s stock after selling 4,771 shares during the period. FineMark National Bank & Trust’s holdings in Synchrony Financial were worth $4,404,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its stake in Synchrony Financial by 32.1% in the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 867 shares during the last quarter. Patten Group Inc. boosted its position in shares of Synchrony Financial by 3,019.4% during the third quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 103,292 shares in the last quarter. Highlander Capital Management LLC boosted its position in shares of Synchrony Financial by 83.6% during the second quarter. Highlander Capital Management LLC now owns 5,492 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 2,500 shares in the last quarter. Sun Life Financial INC boosted its position in shares of Synchrony Financial by 40,207.1% during the second quarter. Sun Life Financial INC now owns 5,643 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 5,629 shares in the last quarter. Finally, SpiderRock Advisors LLC bought a new position in shares of Synchrony Financial during the third quarter worth $176,000. 86.29% of the stock is owned by institutional investors.
Shares of Synchrony Financial (NYSE SYF) traded down $0.18 during trading on Wednesday, hitting $35.83. 1,466,679 shares of the stock were exchanged, compared to its average volume of 7,524,359. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $40.59. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.47 and a current ratio of 1.45. The company has a market cap of $27,922.92, a P/E ratio of 14.87, a PEG ratio of 1.40 and a beta of 1.01.
Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.96 billion. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. During the same quarter in the prior year, the firm posted $0.70 EPS. equities analysts predict that Synchrony Financial will post 3.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, February 2nd. Synchrony Financial’s dividend payout ratio (DPR) is currently 24.90%.
In other Synchrony Financial news, Director Olympia J. Snowe purchased 3,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was purchased at an average cost of $33.40 per share, for a total transaction of $100,200.00. Following the transaction, the director now owns 10,608 shares in the company, valued at approximately $354,307.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Laurel Richie purchased 1,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $34.20 per share, with a total value of $34,200.00. Following the completion of the transaction, the director now owns 8,608 shares in the company, valued at approximately $294,393.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 6,461 shares of company stock valued at $241,778. Corporate insiders own 0.03% of the company’s stock.
SYF has been the topic of a number of recent analyst reports. Oppenheimer reissued a “hold” rating on shares of Synchrony Financial in a research report on Friday, October 20th. JMP Securities raised their price objective on shares of Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a report on Monday, October 23rd. Morgan Stanley lifted their price target on shares of Synchrony Financial from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Synchrony Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Wells Fargo & Co lifted their price target on shares of Synchrony Financial from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $38.30.
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Synchrony Financial Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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