Coldstream Capital Management Inc. Increases Stake in Synchrony Financial (NYSE:SYF)

Coldstream Capital Management Inc. grew its stake in shares of Synchrony Financial (NYSE:SYFFree Report) by 14.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,637 shares of the financial services provider’s stock after purchasing an additional 1,188 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Synchrony Financial were worth $499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Swedbank AB boosted its position in Synchrony Financial by 23.8% during the 2nd quarter. Swedbank AB now owns 99,461 shares of the financial services provider’s stock valued at $4,694,000 after buying an additional 19,098 shares during the period. National Pension Service increased its position in shares of Synchrony Financial by 22.7% in the third quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock valued at $47,773,000 after acquiring an additional 177,051 shares during the period. Alpha DNA Investment Management LLC bought a new position in shares of Synchrony Financial during the second quarter valued at about $951,000. Blue Trust Inc. boosted its holdings in shares of Synchrony Financial by 134.4% during the second quarter. Blue Trust Inc. now owns 2,004 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,149 shares during the period. Finally, Ensign Peak Advisors Inc grew its stake in shares of Synchrony Financial by 9.1% in the second quarter. Ensign Peak Advisors Inc now owns 443,251 shares of the financial services provider’s stock worth $20,917,000 after purchasing an additional 36,865 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Trading Down 0.7 %

Synchrony Financial stock opened at $68.06 on Friday. Synchrony Financial has a 12 month low of $35.29 and a 12 month high of $69.39. The company has a market capitalization of $26.50 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63. The business’s fifty day simple moving average is $61.22 and its two-hundred day simple moving average is $52.18. 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 (NYSE:SYFGet Free Report) last announced its quarterly 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 analysts’ expectations of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. Synchrony Financial’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 EPS. As a group, equities analysts predict that Synchrony Financial will post 6.51 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

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

Insider Buying and Selling

In other news, insider Curtis Howse sold 21,934 shares of the firm’s stock in a transaction dated 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 $5,498,831.59. This trade represents a 18.03 % decrease in their position. The sale was disclosed in a legal 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 that occurred 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 directly owns 127,587 shares of the company’s stock, valued at $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on SYF. Compass Point upped their price target on Synchrony Financial from $60.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada raised their price target on Synchrony Financial from $55.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 17th. Robert W. Baird set a $62.00 price target on shares of Synchrony Financial in a report on Thursday, October 17th. The Goldman Sachs Group upped their price objective on shares of Synchrony Financial from $64.00 to $72.50 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Synchrony Financial from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.53.

View Our Latest Stock Analysis on Synchrony Financial

Synchrony Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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