Synchrony Financial (SYF) Holdings Raised by HL Financial Services LLC

HL Financial Services LLC raised its position in shares of Synchrony Financial (NYSE:SYF) by 9.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,750 shares of the financial services provider’s stock after acquiring an additional 1,782 shares during the period. HL Financial Services LLC’s holdings in Synchrony Financial were worth $613,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its stake in shares of Synchrony Financial by 32.1% in the second quarter. Westside Investment Management Inc. now owns 3,567 shares of the financial services provider’s stock valued at $104,000 after buying an additional 867 shares during the period. First Quadrant L P CA lifted its stake in shares of Synchrony Financial by 55.4% in the second quarter. First Quadrant L P CA now owns 3,726 shares of the financial services provider’s stock valued at $111,000 after buying an additional 1,328 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Synchrony Financial by 39.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,560 shares of the financial services provider’s stock valued at $136,000 after buying an additional 1,280 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of 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 valued at $159,000 after buying an additional 880 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Synchrony Financial by 9.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,387 shares of the financial services provider’s stock valued at $160,000 after buying an additional 486 shares during the period. Institutional investors own 88.32% of the company’s stock.

In related news, insider Jonathan S. Mothner sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were 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 owns 113,934 shares of the company’s stock, valued at $3,739,313.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan S. Mothner sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $33.50, for a total transaction 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 approximately $3,804,863. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

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

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

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

SYF has been the subject of several research reports. BMO Capital Markets reiterated a “buy” rating on shares of Synchrony Financial in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Synchrony Financial in a research note on Saturday, July 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $35.00 target price (up previously from $33.00) on shares of Synchrony Financial in a research note on Tuesday, July 25th. BidaskClub cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, TheStreet upgraded shares of Synchrony Financial from a “c” rating to a “b” rating in a research note on Monday, July 31st. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $36.77.

About Synchrony Financial

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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