Chartwell Investment Partners LLC trimmed its position in Synchrony Financial (NYSE:SYF) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,259 shares of the financial services provider’s stock after selling 2,115 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Synchrony Financial were worth $3,618,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its holdings in shares of Synchrony Financial by 329.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,177 shares of the financial services provider’s stock worth $26,000 after buying an additional 903 shares during the last quarter. Synovus Financial Corp purchased a new stake in Synchrony Financial in the first quarter valued at $36,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at $36,000. Allred Capital Management LLC purchased a new position in shares of Synchrony Financial during the 1st quarter worth $51,000. Finally, Signaturefd LLC grew its holdings in shares of Synchrony Financial by 20.1% during the 1st quarter. Signaturefd LLC now owns 4,196 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 701 shares during the period. Institutional investors own 87.85% of the company’s stock.
In related news, Director Will W. Graylin sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $21.77, for a total transaction of $163,275.00. Following the completion of the sale, the director now owns 58,942 shares in the company, valued at $1,283,167.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director P.W. Parker purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was acquired at an average cost of $23.32 per share, with a total value of $233,200.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $233,200. The disclosure for this purchase can be found here. Insiders own 0.45% of the company’s stock.
SYF stock opened at $22.13 on Friday. The business’s 50-day moving average is $22.92 and its two-hundred day moving average is $23.66. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $12.92 billion, a P/E ratio of 7.48, a P/E/G ratio of 2.66 and a beta of 1.67. Synchrony Financial has a 1 year low of $12.15 and a 1 year high of $38.18.
Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Synchrony Financial had a net margin of 11.79% and a return on equity of 14.73%. The company had revenue of $950.00 million during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was down 54.7% on a year-over-year basis. On average, analysts expect that Synchrony Financial will post 1.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 3rd will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, July 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.98%. Synchrony Financial’s payout ratio is currently 20.51%.
Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Synchrony Financial from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a research note on Thursday, July 23rd. ValuEngine raised shares of Synchrony Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. UBS Group boosted their target price on Synchrony Financial from $18.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, June 22nd. Wells Fargo & Co lowered their price target on Synchrony Financial from $40.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Citigroup lifted their price objective on Synchrony Financial from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Synchrony Financial presently has an average rating of “Hold” and a consensus target price of $24.59.
Synchrony Financial Profile
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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