Waldron Private Wealth LLC Buys 3,790 Shares of Synchrony Financial (NYSE:SYF)

Waldron Private Wealth LLC boosted its stake in shares of Synchrony Financial (NYSE:SYF) by 87.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,148 shares of the financial services provider’s stock after purchasing an additional 3,790 shares during the quarter. Waldron Private Wealth LLC’s holdings in Synchrony Financial were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYF. Wellington Management Group LLP boosted its position in Synchrony Financial by 18.5% during the fourth quarter. Wellington Management Group LLP now owns 65,514 shares of the financial services provider’s stock worth $2,502,000 after purchasing an additional 10,207 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Synchrony Financial by 8.2% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 11,872 shares of the financial services provider’s stock valued at $453,000 after acquiring an additional 900 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Synchrony Financial by 5.0% in the first quarter. Park Avenue Securities LLC now owns 12,161 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 576 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Synchrony Financial in the first quarter valued at about $60,000. Finally, Signet Financial Management LLC grew its stake in shares of Synchrony Financial by 3.7% in the first quarter. Signet Financial Management LLC now owns 46,252 shares of the financial services provider’s stock valued at $1,994,000 after acquiring an additional 1,670 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SYF has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Synchrony Financial from $46.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Royal Bank of Canada upped their price objective on shares of Synchrony Financial from $55.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. Robert W. Baird set a $62.00 price objective on shares of Synchrony Financial in a research report on Thursday, October 17th. The Goldman Sachs Group upped their price objective on shares of Synchrony Financial from $49.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, TD Cowen increased their target price on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Synchrony Financial has an average rating of “Moderate Buy” and an average price target of $56.25.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the completion of the sale, the insider now owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Bart Schaller sold 930 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $50.84, for a total transaction of $47,281.20. Following the completion of the sale, the insider now owns 49,390 shares of the company’s stock, valued at $2,510,987.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the sale, the insider now directly owns 76,251 shares of the company’s stock, valued at approximately $3,563,209.23. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Synchrony Financial Stock Performance

NYSE:SYF opened at $55.67 on Wednesday. The company has a market capitalization of $22.00 billion, a PE ratio of 7.27, a P/E/G ratio of 1.30 and a beta of 1.61. The company has a 50 day simple moving average of $49.83 and a two-hundred day simple moving average of $46.88. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.23 and a current ratio of 1.25. Synchrony Financial has a fifty-two week low of $27.30 and a fifty-two week high of $57.26.

Synchrony Financial (NYSE:SYF) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.17. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 EPS. Research analysts anticipate that Synchrony Financial will post 6.09 earnings per share for the current year.

About Synchrony Financial

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.