Van Den Berg Management I Inc. purchased a new stake in Synchrony Financial (NYSE:SYF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 101,328 shares of the financial services provider’s stock, valued at approximately $3,912,000.
Several other institutional investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its stake in Synchrony Financial by 2.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 17,666,015 shares of the financial services provider’s stock worth $548,530,000 after buying an additional 362,810 shares during the period. CI Investments Inc. increased its holdings in shares of Synchrony Financial by 6.5% in the 4th quarter. CI Investments Inc. now owns 11,674,795 shares of the financial services provider’s stock valued at $450,764,000 after purchasing an additional 714,233 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Synchrony Financial by 6.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 7,735,326 shares of the financial services provider’s stock valued at $298,661,000 after purchasing an additional 468,586 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Synchrony Financial by 30.3% in the 4th quarter. Bank of Montreal Can now owns 5,521,901 shares of the financial services provider’s stock valued at $213,200,000 after purchasing an additional 1,284,298 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Synchrony Financial by 14.7% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,712,842 shares of the financial services provider’s stock valued at $181,963,000 after purchasing an additional 603,100 shares in the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.
In other Synchrony Financial news, insider David P. Melito sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the sale, the insider now directly owns 39,259 shares of the company’s stock, valued at approximately $1,570,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas M. Quindlen sold 10,712 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total transaction of $393,451.76. The disclosure for this sale can be found here. Insiders have sold a total of 25,850 shares of company stock worth $955,616 over the last ninety days. 0.03% of the stock is owned by corporate insiders.
Synchrony Financial (NYSE:SYF) traded down $0.06 during trading hours on Monday, reaching $37.22. 437,968 shares of the company’s stock traded hands, compared to its average volume of 6,727,936. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.45 and a quick ratio of 1.45. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $40.59. The stock has a market cap of $28,340.89, a P/E ratio of 15.51, a P/E/G ratio of 1.44 and a beta of 1.07.
Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period last year, the firm posted $0.70 EPS. sell-side analysts predict that Synchrony Financial will post 3.38 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were paid a dividend of $0.15 per share. 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 dividend payout ratio is currently 24.90%.
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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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