Point View Wealth Management Inc. increased its holdings in shares of Synchrony Financial (NYSE:SYF) by 6.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,521 shares of the financial services provider’s stock after purchasing an additional 1,599 shares during the quarter. Point View Wealth Management Inc.’s holdings in Synchrony Financial were worth $824,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of SYF. Creative Planning increased its position in Synchrony Financial by 51.5% during the 2nd quarter. Creative Planning now owns 8,885 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 3,022 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Synchrony Financial by 19.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 880 shares during the period. LS Investment Advisors LLC boosted its holdings in Synchrony Financial by 13.3% in the 2nd quarter. LS Investment Advisors LLC now owns 29,402 shares of the financial services provider’s stock worth $877,000 after acquiring an additional 3,445 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Synchrony Financial by 89.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 163,475 shares of the financial services provider’s stock worth $4,830,000 after acquiring an additional 77,300 shares during the period. Finally, Aperio Group LLC boosted its holdings in Synchrony Financial by 16.2% in the 2nd quarter. Aperio Group LLC now owns 166,115 shares of the financial services provider’s stock worth $4,954,000 after acquiring an additional 23,176 shares during the period. 87.23% of the stock is owned by hedge funds and other institutional investors.
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A number of equities analysts have weighed in on the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Synchrony Financial in a report on Tuesday, October 31st. Barclays PLC set a $40.00 price target on Synchrony Financial and gave the stock a “buy” rating in a report on Monday, October 23rd. Wells Fargo & Company upped their price target on Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Zacks Investment Research upgraded Synchrony Financial from a “strong sell” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Morgan Stanley upped their price target on Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Twelve research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Synchrony Financial presently has a consensus rating of “Buy” and an average target price of $36.77.
Shares of Synchrony Financial (NYSE SYF) traded up $0.48 on Monday, reaching $33.86. The company had a trading volume of 8,665,800 shares, compared to its average volume of 7,007,145. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $38.06. The company has a market capitalization of $26,500.00, a PE ratio of 12.92, a PEG ratio of 1.70 and a beta of 1.02. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.47 and a quick ratio of 1.47.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, October 20th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Synchrony Financial had a return on equity of 14.84% and a net margin of 13.17%. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the business posted $0.73 earnings per share. sell-side analysts predict that Synchrony Financial will post 2.59 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Friday, November 3rd. Synchrony Financial’s dividend payout ratio is presently 22.81%.
About Synchrony Financial
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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