Xponance Inc. Has $3.15 Million Stake in Synchrony Financial (NYSE:SYF)

Xponance Inc. boosted its holdings in Synchrony Financial (NYSE:SYF) by 22.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,546 shares of the financial services provider’s stock after buying an additional 15,394 shares during the period. Xponance Inc.’s holdings in Synchrony Financial were worth $3,152,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SYF. Live Oak Investment Partners acquired a new position in shares of Synchrony Financial in the 4th quarter valued at $27,000. Covestor Ltd boosted its holdings in Synchrony Financial by 138.8% during the first quarter. Covestor Ltd now owns 1,108 shares of the financial services provider’s stock worth $39,000 after buying an additional 644 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Synchrony Financial during the 3rd quarter worth about $35,000. Zions Bancorporation N.A. increased its stake in shares of Synchrony Financial by 230.5% in the 1st quarter. Zions Bancorporation N.A. now owns 1,226 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 855 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Synchrony Financial by 44.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,274 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 390 shares during the period. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Trading Up 1.9 %

Synchrony Financial stock opened at $41.57 on Monday. The stock has a 50-day simple moving average of $41.22 and a 200 day simple moving average of $36.45. The stock has a market capitalization of $16.91 billion, a P/E ratio of 8.03, a PEG ratio of 1.03 and a beta of 1.61. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 1.22. Synchrony Financial has a 52 week low of $26.59 and a 52 week high of $43.83.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.93 by $0.10. Synchrony Financial had a return on equity of 17.37% and a net margin of 10.68%. The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the previous year, the company posted $1.26 EPS. Analysts expect that Synchrony Financial will post 5.54 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, February 2nd. Synchrony Financial’s payout ratio is presently 19.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SYF shares. Bank of America increased their target price on shares of Synchrony Financial from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. JMP Securities boosted their price objective on Synchrony Financial from $35.00 to $42.00 and gave the company a “market outperform” rating in a research report on Friday, January 12th. Wells Fargo & Company upped their target price on shares of Synchrony Financial from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. BMO Capital Markets downgraded Synchrony Financial from an “outperform” rating to a “market perform” rating and set a $40.00 price target on the stock. in a research note on Wednesday, January 10th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $30.00 price objective on shares of Synchrony Financial in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.44.

Insider Transactions at Synchrony Financial

In related news, insider Curtis Howse sold 6,179 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $42.82, for a total value of $264,584.78. Following the transaction, the insider now owns 152,604 shares in the company, valued at approximately $6,534,503.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Curtis Howse sold 6,179 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $42.82, for a total value of $264,584.78. Following the completion of the sale, the insider now directly owns 152,604 shares in the company, valued at approximately $6,534,503.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David P. Melito sold 7,283 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $38.99, for a total value of $283,964.17. Following the transaction, the insider now owns 14,183 shares in the company, valued at approximately $552,995.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,158 shares of company stock worth $6,106,106. 0.65% of the stock is owned by insiders.

Synchrony Financial 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.