Gladstone Institutional Advisory LLC Takes Position in Synchrony Financial (NYSE:SYF)

Gladstone Institutional Advisory LLC bought a new position in shares of Synchrony Financial (NYSE:SYF) during the third quarter, Holdings Channel.com reports. The fund bought 9,114 shares of the financial services provider’s stock, valued at approximately $455,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Synchrony Financial by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 6,686,486 shares of the financial services provider’s stock valued at $315,381,000 after purchasing an additional 313,128 shares during the period. Boston Partners raised its stake in shares of Synchrony Financial by 66.6% in the 1st 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 in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Synchrony Financial by 14.6% during the 2nd quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider’s stock worth $264,917,000 after acquiring an additional 727,649 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Synchrony Financial by 2.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,496,009 shares of the financial services provider’s stock valued at $150,748,000 after acquiring an additional 97,235 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Synchrony Financial by 18.7% during the 2nd quarter. Hsbc Holdings PLC now owns 3,131,599 shares of the financial services provider’s stock valued at $147,599,000 after acquiring an additional 492,312 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Up 0.2 %

Shares of SYF opened at $55.25 on Monday. The business’s fifty day moving average price is $51.19 and its two-hundred day moving average price is $47.70. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 1.09 and a beta of 1.59. Synchrony Financial has a 52 week low of $28.24 and a 52 week high of $57.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.17. The firm 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 company’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. On average, analysts predict that Synchrony Financial will post 6.28 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Monday, November 4th. Synchrony Financial’s dividend payout ratio (DPR) is 13.05%.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction on Monday, August 19th. The shares were 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 of the company’s stock, valued at approximately $3,563,209.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Evercore ISI raised their price target on shares of Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JMP Securities restated a “market outperform” rating and set a $60.00 target price on shares of Synchrony Financial in a research report on Monday, October 14th. TD Cowen boosted their price target on Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Robert W. Baird set a $62.00 price objective on Synchrony Financial in a research note on Thursday, October 17th. Finally, Royal Bank of Canada boosted their target price on shares of Synchrony Financial from $55.00 to $62.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.60.

Synchrony Financial Company 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.