Dumont & Blake Investment Advisors LLC Cuts Stock Holdings in Synchrony Financial (NYSE:SYF)

Dumont & Blake Investment Advisors LLC lessened its position in shares of Synchrony Financial (NYSE:SYF) by 58.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,928 shares of the financial services provider’s stock after selling 54,238 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Synchrony Financial were worth $1,892,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Synchrony Financial in the 1st quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new position in Synchrony Financial during the second quarter worth about $31,000. International Assets Investment Management LLC purchased a new stake in shares of Synchrony Financial in the 2nd quarter worth about $33,000. WR Wealth Planners LLC raised its holdings in shares of Synchrony Financial by 83.6% in the second quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 326 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Synchrony Financial during the 2nd quarter worth about $39,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following the transaction, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of Synchrony Financial stock in a transaction on Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following the sale, the insider now directly owns 76,251 shares in the company, valued at approximately $3,563,209.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bart Schaller sold 930 shares of the stock in a transaction on Thursday, August 1st. The shares were 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Synchrony Financial Trading Up 0.1 %

NYSE SYF traded up $0.07 on Friday, reaching $55.33. The company had a trading volume of 59,256 shares, compared to its average volume of 3,923,753. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.23. The firm has a market cap of $22.22 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 1.22 and a beta of 1.61. The business has a 50 day moving average of $50.01 and a two-hundred day moving average of $46.94. Synchrony Financial has a fifty-two week low of $27.65 and a fifty-two week high of $57.26.

Synchrony Financial (NYSE:SYF) last posted 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 company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $1.48 earnings per share. Analysts forecast that Synchrony Financial will post 6.19 EPS for the current year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.81%. Synchrony Financial’s dividend payout ratio is presently 14.35%.

Wall Street Analyst Weigh In

SYF has been the topic of several research reports. Baird R W raised Synchrony Financial to a “strong-buy” rating in a research report on Friday, June 28th. Jefferies Financial Group increased their target price on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. TD Cowen boosted their target price on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. StockNews.com raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. Finally, Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus price target of $56.25.

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.