Foundry Partners LLC Grows Position in Synchrony Financial (NYSE:SYF)

Foundry Partners LLC increased its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 372,585 shares of the financial services provider's stock after acquiring an additional 34,906 shares during the quarter. Synchrony Financial comprises about 1.0% of Foundry Partners LLC's investment portfolio, making the stock its 26th largest holding. Foundry Partners LLC owned approximately 0.10% of Synchrony Financial worth $19,725,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SYF. Commonwealth Equity Services LLC boosted its stake in shares of Synchrony Financial by 7.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 44,519 shares of the financial services provider's stock valued at $2,894,000 after purchasing an additional 3,083 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Synchrony Financial by 58.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,927 shares of the financial services provider's stock worth $1,165,000 after purchasing an additional 6,584 shares during the period. Tocqueville Asset Management L.P. acquired a new position in shares of Synchrony Financial during the 4th quarter valued at $316,000. Xponance Inc. grew its stake in shares of Synchrony Financial by 3.5% in the 4th quarter. Xponance Inc. now owns 58,927 shares of the financial services provider's stock valued at $3,830,000 after buying an additional 1,975 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at about $227,000. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Trading Down 0.1%

Shares of SYF stock traded down $0.10 on Friday, hitting $70.09. The stock had a trading volume of 3,230,906 shares, compared to its average volume of 3,837,205. Synchrony Financial has a twelve month low of $40.55 and a twelve month high of $71.88. The firm has a market cap of $26.68 billion, a P/E ratio of 9.61, a PEG ratio of 0.72 and a beta of 1.46. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.11. The company has a fifty day moving average price of $63.18 and a two-hundred day moving average price of $59.82.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.63 by $0.26. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.80 billion. Synchrony Financial had a net margin of 13.00% and a return on equity of 19.68%. As a group, analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.25. Synchrony Financial's payout ratio is 16.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SYF shares. Wall Street Zen raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. BTIG Research raised Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research report on Monday, July 14th. Evercore ISI dropped their price target on Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group increased their target price on Synchrony Financial from $70.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Barclays raised their price target on Synchrony Financial from $62.00 to $81.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.22.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 40,639 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $60.07, for a total value of $2,441,184.73. Following the completion of the transaction, the insider owned 146,628 shares of the company's stock, valued at $8,807,943.96. The trade was a 21.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Curtis Howse sold 11,380 shares of the company's stock in a transaction on 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 directly owned 108,062 shares of the company's stock, valued at $7,024,030. This trade represents a 9.53% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.32% of the company's stock.

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.