Centaurus Financial Inc. Invests $503,000 in Synchrony Financial (NYSE:SYF)

Centaurus Financial Inc. purchased a new stake in Synchrony Financial (NYSE:SYF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,078 shares of the financial services provider’s stock, valued at approximately $503,000.

Several other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Synchrony Financial by 35.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,300,576 shares of the financial services provider’s stock worth $56,082,000 after acquiring an additional 342,979 shares in the last quarter. SVB Wealth LLC boosted its holdings in Synchrony Financial by 2.7% in the first quarter. SVB Wealth LLC now owns 12,265 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 317 shares in the last quarter. Hancock Whitney Corp increased its position in Synchrony Financial by 136.5% during the first quarter. Hancock Whitney Corp now owns 50,666 shares of the financial services provider’s stock worth $2,185,000 after buying an additional 29,239 shares during the last quarter. Plato Investment Management Ltd raised its holdings in Synchrony Financial by 69,554.8% during the first quarter. Plato Investment Management Ltd now owns 29,255 shares of the financial services provider’s stock valued at $1,261,000 after buying an additional 29,213 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Synchrony Financial in the first quarter worth about $3,465,000. Institutional investors own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares in the company, valued at approximately $5,498,831.59. This represents a 18.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the sale, the insider now owns 127,587 shares in the company, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Synchrony Financial from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Synchrony Financial from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Bank of America upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Friday, August 9th. TD Cowen boosted their target price on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company raised their price target on Synchrony Financial from $53.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. One investment 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.43.

Synchrony Financial Stock Up 0.3 %

Synchrony Financial stock opened at $67.25 on Wednesday. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.91 and a beta of 1.59. The company’s 50 day simple moving average is $56.57 and its 200 day simple moving average is $50.08. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. Synchrony Financial has a fifty-two week low of $29.15 and a fifty-two week high of $67.76.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.17. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm posted $1.48 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Synchrony Financial will post 6.52 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.25 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. Synchrony Financial’s dividend payout ratio (DPR) is currently 13.05%.

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.