Captrust Financial Advisors Has $737,000 Position in Synchrony Financial (NYSE:SYF)

Captrust Financial Advisors trimmed its position in Synchrony Financial (NYSE:SYF) by 14.2% during the third quarter, HoldingsChannel.com reports. The fund owned 14,778 shares of the financial services provider’s stock after selling 2,451 shares during the period. Captrust Financial Advisors’ holdings in Synchrony Financial were worth $737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SYF. Dimensional Fund Advisors LP raised its holdings in Synchrony Financial by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 6,686,486 shares of the financial services provider’s stock worth $315,381,000 after purchasing an additional 313,128 shares during the period. AQR Capital Management LLC increased its position in shares of Synchrony Financial by 14.6% in the 2nd quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider’s stock valued at $264,917,000 after buying an additional 727,649 shares in the last quarter. Hsbc Holdings PLC raised its stake in 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 worth $147,599,000 after buying an additional 492,312 shares during the period. Panagora Asset Management Inc. lifted its holdings in Synchrony Financial by 5.4% during the second quarter. Panagora Asset Management Inc. now owns 2,790,177 shares of the financial services provider’s stock worth $131,668,000 after acquiring an additional 142,306 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Synchrony Financial by 1.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,199,554 shares of the financial services provider’s stock valued at $109,714,000 after acquiring an additional 37,484 shares during the period. Institutional investors own 96.48% of the company’s stock.

Insider Activity at Synchrony Financial

In other news, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the transaction, the insider now owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This represents a 18.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the sale, the insider now directly owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $66.90 on Wednesday. The company has a fifty day moving average price of $59.78 and a two-hundred day moving average price of $51.55. Synchrony Financial has a one year low of $35.12 and a one year high of $69.39. The stock has a market cap of $26.05 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.94 and a beta of 1.63. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results 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 business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. Synchrony Financial’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $1.48 earnings per share. As a group, equities analysts predict that Synchrony Financial will post 6.53 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, November 4th. Synchrony Financial’s payout ratio is presently 13.05%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group lifted their price objective on Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $59.00 to $72.00 in a research note on Monday. Barclays increased their price objective on shares of Synchrony Financial from $49.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday. Finally, BTIG Research cut Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.53.

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.