Whittier Trust Co. Sells 595 Shares of Synchrony Financial (NYSE:SYF)

Whittier Trust Co. trimmed its stake in Synchrony Financial (NYSE:SYF) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,570 shares of the financial services provider’s stock after selling 595 shares during the period. Whittier Trust Co.’s holdings in Synchrony Financial were worth $735,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. HB Wealth Management LLC grew its position in Synchrony Financial by 12.6% during the second quarter. HB Wealth Management LLC now owns 6,218 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 696 shares during the last quarter. Wright Investors Service Inc. bought a new position in Synchrony Financial during the second quarter valued at approximately $899,000. Kintegral Advisory LLC grew its position in Synchrony Financial by 84.0% during the second quarter. Kintegral Advisory LLC now owns 21,115 shares of the financial services provider’s stock valued at $996,000 after acquiring an additional 9,642 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. grew its position in Synchrony Financial by 84.8% during the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 32,900 shares of the financial services provider’s stock valued at $1,553,000 after acquiring an additional 15,100 shares during the last quarter. Finally, AlphaStar Capital Management LLC grew its position in Synchrony Financial by 30.7% during the second quarter. AlphaStar Capital Management LLC now owns 19,023 shares of the financial services provider’s stock valued at $898,000 after acquiring an additional 4,470 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SYF. The Goldman Sachs Group raised their target price on shares of Synchrony Financial from $49.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays raised their price objective on Synchrony Financial from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. JMP Securities raised their price objective on Synchrony Financial from $49.00 to $60.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 16th. Compass Point initiated coverage on Synchrony Financial in a research report on Tuesday, July 16th. They issued a “buy” rating and a $56.00 price target for the company. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $30.00 price target on shares of Synchrony Financial in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and a consensus price target of $50.41.

Synchrony Financial Price Performance

NYSE SYF traded up $0.40 during trading hours on Thursday, reaching $49.92. The company’s stock had a trading volume of 691,240 shares, compared to its average volume of 4,068,670. The firm’s 50-day moving average price is $47.68 and its 200-day moving average price is $44.30. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.09. Synchrony Financial has a 1 year low of $27.30 and a 1 year high of $52.67. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 1.11 and a beta of 1.63.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.20. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The company had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm earned $1.32 EPS. On average, equities research analysts predict that Synchrony Financial will post 5.79 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. Synchrony Financial’s dividend payout ratio (DPR) is 14.35%.

Insider Transactions at Synchrony Financial

In other news, insider Bart Schaller sold 930 shares of the company’s stock in a transaction that occurred 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 approximately $2,510,987.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Bart Schaller sold 930 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,510,987.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the business’s stock in a transaction that occurred 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 directly owns 76,251 shares in the company, valued at approximately $3,563,209.23. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Synchrony Financial Profile

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.