1,885 Shares in Synchrony Financial (NYSE:SYF) Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division acquired a new stake in shares of Synchrony Financial (NYSE:SYF) during the fourth quarter, Holdings Channel reports. The firm acquired 1,885 shares of the financial services provider’s stock, valued at approximately $123,000.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Synchrony Financial during the second quarter valued at $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Synchrony Financial in the 2nd quarter valued at $39,000. Quarry LP grew its holdings in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 675 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Synchrony Financial during the 3rd quarter valued at about $50,000. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. BTIG Research cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Barclays raised their price target on Synchrony Financial from $49.00 to $59.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on Synchrony Financial from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Compass Point lifted their price target on Synchrony Financial from $60.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $63.63.

Synchrony Financial Stock Up 2.3 %

Shares of NYSE SYF opened at $66.78 on Friday. Synchrony Financial has a 52-week low of $35.29 and a 52-week high of $69.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $26.00 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.82 and a beta of 1.64. The firm has a 50 day moving average price of $64.71 and a 200 day moving average price of $54.49.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.17. The company had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 EPS. Analysts expect that Synchrony Financial will post 6.51 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, November 4th. Synchrony Financial’s dividend payout ratio is currently 13.05%.

Insider Activity

In related news, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction on Friday, November 15th. The shares were 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Curtis Howse sold 21,934 shares of the stock in a transaction dated 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 trade represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Synchrony Financial 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.