GSA Capital Partners LLP Invests $1.24 Million in Synchrony Financial (NYSE:SYF)

GSA Capital Partners LLP acquired a new stake in Synchrony Financial (NYSE:SYF) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,338 shares of the financial services provider’s stock, valued at approximately $1,236,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Accredited Wealth Management LLC bought a new stake in shares of Synchrony Financial in the fourth quarter worth $38,000. CVA Family Office LLC grew its holdings in Synchrony Financial by 355.9% during the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 541 shares in the last quarter. TCTC Holdings LLC raised its stake in shares of Synchrony Financial by 89.0% in the 1st quarter. TCTC Holdings LLC now owns 788 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 371 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Synchrony Financial by 55.6% during the first quarter. Rothschild Investment LLC now owns 862 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 308 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of Synchrony Financial by 503.7% during the first quarter. Golden State Wealth Management LLC now owns 972 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 811 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Truist Financial raised their price objective on Synchrony Financial from $68.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. The Goldman Sachs Group boosted their price objective on shares of Synchrony Financial from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. BTIG Research raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, July 14th. JMP Securities lifted their target price on Synchrony Financial from $68.00 to $77.00 and gave the company a “market outperform” rating in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada raised their target price on shares of Synchrony Financial from $75.00 to $78.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.17.

Insider Buying and Selling at Synchrony Financial

In related news, insider Curtis Howse sold 11,380 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the sale, the insider owned 108,062 shares of the company’s stock, valued at $7,024,030. This represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathan S. Mothner sold 40,639 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $60.07, for a total transaction of $2,441,184.73. Following the completion of the transaction, the insider directly owned 146,628 shares in the company, valued at approximately $8,807,943.96. This represents a 21.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Synchrony Financial Trading Down 1.5%

Shares of SYF opened at $70.25 on Thursday. Synchrony Financial has a 1 year low of $40.54 and a 1 year high of $73.76. The stock has a market cap of $26.14 billion, a PE ratio of 8.53, a PEG ratio of 0.71 and a beta of 1.46. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02. The stock has a 50 day simple moving average of $64.99 and a 200-day simple moving average of $60.17.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.78. Synchrony Financial had a return on equity of 21.34% and a net margin of 14.43%. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.71%. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.56%.

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.