Unigestion Holding SA lifted its stake in shares of Synchrony Financial (NYSE:SYF) by 29.7% in the third quarter, Holdings Channel.com reports. The fund owned 9,007 shares of the financial services provider’s stock after acquiring an additional 2,063 shares during the quarter. Unigestion Holding SA’s holdings in Synchrony Financial were worth $307,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of SYF. Garrett Wealth Advisory Group LLC bought a new stake in Synchrony Financial in the third quarter worth approximately $26,000. Executive Wealth Management LLC bought a new stake in Synchrony Financial in the second quarter worth approximately $27,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Synchrony Financial in the second quarter worth approximately $29,000. Captrust Financial Advisors increased its holdings in Synchrony Financial by 321.5% in the second quarter. Captrust Financial Advisors now owns 843 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 643 shares in the last quarter. Finally, Capital Investment Advisory Services LLC bought a new stake in Synchrony Financial in the second quarter worth approximately $30,000. Institutional investors own 88.76% of the company’s stock.
A number of equities research analysts have weighed in on the company. Oppenheimer set a $39.00 target price on Synchrony Financial and gave the stock a “buy” rating in a report on Tuesday, October 15th. Buckingham Research assumed coverage on Synchrony Financial in a report on Monday, July 22nd. They issued a “buy” rating and a $42.00 target price for the company. BTIG Research reiterated a “buy” rating and issued a $42.00 target price on shares of Synchrony Financial in a report on Monday, July 22nd. Nomura set a $43.00 target price on Synchrony Financial and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, ValuEngine downgraded Synchrony Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Synchrony Financial presently has an average rating of “Buy” and an average target price of $38.92.
Shares of NYSE SYF traded down $0.02 during midday trading on Friday, hitting $36.94. 3,898,564 shares of the stock traded hands, compared to its average volume of 5,632,108. The company has a market cap of $23.88 billion, a PE ratio of 9.88, a P/E/G ratio of 0.91 and a beta of 1.16. Synchrony Financial has a one year low of $21.77 and a one year high of $37.33. The business has a 50 day moving average price of $34.24 and a two-hundred day moving average price of $34.30. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.26 and a current ratio of 1.38.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.10. The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.33 billion. Synchrony Financial had a return on equity of 20.05% and a net margin of 19.54%. During the same quarter in the previous year, the company posted $0.91 earnings per share. As a group, equities research analysts forecast that Synchrony Financial will post 4.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.88 annualized dividend and a dividend yield of 2.38%. Synchrony Financial’s dividend payout ratio is 23.53%.
About Synchrony Financial
Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.
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