Jones Financial Companies Lllp boosted its position in shares of Synchrony Financial (NYSE:SYF) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,188 shares of the financial services provider’s stock after buying an additional 22,904 shares during the quarter. Jones Financial Companies Lllp’s holdings in Synchrony Financial were worth $7,536,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Flossbach Von Storch AG purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at $202,000. TRUE Private Wealth Advisors purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at $204,000. MML Investors Services LLC purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at $217,000. Raymond James Trust N.A. purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at $218,000. Finally, Capital Asset Advisory Services LLC purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at $219,000. 88.65% of the stock is owned by institutional investors.
SYF has been the subject of a number of recent analyst reports. Barclays set a $53.00 target price on shares of Synchrony Financial and gave the company a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, January 31st. Jefferies Group reissued a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a research note on Tuesday, December 26th. Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. Finally, BTIG Research reissued a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a research note on Sunday, December 17th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.11.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.96 billion. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. During the same period in the previous year, the company posted $0.70 earnings per share. research analysts anticipate that Synchrony Financial will post 3.38 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.61%. Synchrony Financial’s payout ratio is currently 24.90%.
In other Synchrony Financial news, insider David P. Melito sold 2,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the transaction, the insider now directly owns 39,259 shares in the company, valued at $1,570,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret M. Keane sold 13,138 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $36.70, for a total transaction of $482,164.60. Following the completion of the transaction, the insider now owns 440,169 shares of the company’s stock, valued at $16,154,202.30. The disclosure for this sale can be found here. Insiders sold 25,850 shares of company stock valued at $955,616 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.
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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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