Bokf Na Has $16.56 Million Position in Synchrony Financial (NYSE:SYF)

Bokf Na decreased its holdings in shares of Synchrony Financial (NYSE:SYF) by 13.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 350,930 shares of the financial services provider’s stock after selling 52,619 shares during the period. Bokf Na owned approximately 0.09% of Synchrony Financial worth $16,560,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC acquired a new stake in shares of Synchrony Financial in the 4th quarter worth about $229,000. Principal Securities Inc. bought a new position in shares of Synchrony Financial in the fourth quarter valued at approximately $60,000. Checchi Capital Advisers LLC bought a new position in shares of Synchrony Financial in the fourth quarter valued at approximately $215,000. Massachusetts Financial Services Co. MA boosted its position in shares of Synchrony Financial by 19.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 29,688 shares of the financial services provider’s stock valued at $1,134,000 after buying an additional 4,877 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Synchrony Financial by 37.4% during the fourth quarter. Panagora Asset Management Inc. now owns 1,723,378 shares of the financial services provider’s stock worth $65,816,000 after buying an additional 468,907 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $45.84 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.23 and a current ratio of 1.23. Synchrony Financial has a fifty-two week low of $27.30 and a fifty-two week high of $52.67. The stock has a market cap of $18.41 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The stock has a fifty day moving average of $48.30 and a 200-day moving average of $44.95.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.20. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm earned $1.32 EPS. Equities research analysts anticipate that Synchrony Financial will post 5.79 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Monday, August 5th. Synchrony Financial’s payout ratio is 14.35%.

Insider Buying and Selling at Synchrony Financial

In related news, insider Bart Schaller sold 930 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $50.84, for a total value of $47,281.20. Following the sale, the insider now owns 49,390 shares in the company, valued at $2,510,987.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Brian J. Sr. Wenzel sold 74,698 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 76,251 shares of the company’s stock, valued at $3,563,209.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bart Schaller sold 930 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.84, for a total transaction of $47,281.20. Following the completion of the transaction, the insider now owns 49,390 shares in the company, valued at $2,510,987.60. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

SYF has been the topic of several recent analyst reports. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on shares of Synchrony Financial from $46.00 to $52.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Compass Point began coverage on shares of Synchrony Financial in a research report on Tuesday, July 16th. They issued a “buy” rating and a $56.00 price objective for the company. JMP Securities lifted their target price on shares of Synchrony Financial from $49.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 16th. Finally, Jefferies Financial Group upped their target price on Synchrony Financial from $50.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.41.

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.