Intrust Bank NA Purchases 1,970 Shares of Synchrony Financial (SYF)

Intrust Bank NA boosted its position in Synchrony Financial (NYSE:SYF) by 19.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,847 shares of the financial services provider’s stock after acquiring an additional 1,970 shares during the period. Intrust Bank NA’s holdings in Synchrony Financial were worth $368,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SYF. Creative Planning boosted its holdings in Synchrony Financial by 51.5% in the second quarter. Creative Planning now owns 8,885 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 3,022 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Synchrony Financial by 19.7% in the second quarter. State of Alaska Department of Revenue now owns 5,338 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 880 shares in the last quarter. OLD National Bancorp IN boosted its holdings in Synchrony Financial by 69.9% in the second quarter. OLD National Bancorp IN now owns 16,327 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 6,718 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in Synchrony Financial by 33.1% in the second quarter. Advisors Capital Management LLC now owns 75,126 shares of the financial services provider’s stock worth $2,240,000 after acquiring an additional 18,665 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in Synchrony Financial by 13.3% in the second quarter. LS Investment Advisors LLC now owns 29,402 shares of the financial services provider’s stock worth $877,000 after acquiring an additional 3,445 shares in the last quarter. Institutional investors and hedge funds own 88.32% of the company’s stock.

In other Synchrony Financial news, insider Jonathan S. Mothner sold 1,500 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $32.82, for a total value of $49,230.00. Following the completion of the sale, the insider now directly owns 113,934 shares of the company’s stock, valued at $3,739,313.88. 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 1,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $33.50, for a total value of $33,500.00. Following the completion of the sale, the insider now directly owns 113,578 shares of the company’s stock, valued at $3,804,863. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Shares of Synchrony Financial (SYF) opened at $32.59 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $25,097.71, a P/E ratio of 12.24, a P/E/G ratio of 1.32 and a beta of 1.02. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $38.06.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Friday, October 20th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.06. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.78 billion. Synchrony Financial had a return on equity of 15.49% and a net margin of 14.04%. During the same period last year, the business posted $0.73 earnings per share. research analysts anticipate that Synchrony Financial will post 2.6 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Friday, November 3rd. Synchrony Financial’s payout ratio is 22.90%.

Several research analysts have issued reports on SYF shares. JMP Securities increased their price target on Synchrony Financial from $35.00 to $37.00 and gave the stock a “market outperform” rating in a report on Monday, October 23rd. Bank of America Corporation lowered Synchrony Financial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $35.00 to $33.00 in a report on Friday, October 6th. Wells Fargo & Company increased their price objective on Synchrony Financial from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Morgan Stanley downgraded Synchrony Financial from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $35.00 to $32.00 in a research note on Friday, September 8th. Finally, Zacks Investment Research downgraded Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Twelve research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Synchrony Financial currently has an average rating of “Buy” and a consensus price target of $36.77.

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Synchrony Financial Company Profile

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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