Measured Wealth Private Client Group LLC Acquires 4,472 Shares of Synchrony Financial (NYSE:SYF)

Key Points

• Measured Wealth Private Client Group LLC increased its holdings in Synchrony Financial by 51.1% in the first quarter, bringing its total investment to $700,000.
• Several institutional investors have also boosted their stakes in Synchrony Financial, with the majority of the stock (96.48%) owned by institutional investors and hedge funds.
• Synchrony Financial recently announced a quarterly dividend of $0.30 per share, reflecting an annual yield of 1.7% and a payout ratio of 14.56%.

Measured Wealth Private Client Group LLC grew its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 51.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,217 shares of the financial services provider's stock after purchasing an additional 4,472 shares during the period. Measured Wealth Private Client Group LLC's holdings in Synchrony Financial were worth $700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new stake in shares of Synchrony Financial during the 1st quarter valued at $30,000. Headlands Technologies LLC acquired a new stake in shares of Synchrony Financial during the 1st quarter valued at $34,000. CVA Family Office LLC boosted its holdings in shares of Synchrony Financial by 355.9% during the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 541 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter valued at $38,000. Finally, TCTC Holdings LLC boosted its holdings in shares of Synchrony Financial by 89.0% during the 1st quarter. TCTC Holdings LLC now owns 788 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 371 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Up 3.9%

SYF stock traded up $2.74 during trading on Tuesday, reaching $72.34. 4,515,324 shares of the stock were exchanged, compared to its average volume of 4,129,869. The firm's 50 day moving average is $66.80 and its 200 day moving average is $60.09. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $73.76. 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 firm has a market cap of $26.91 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 0.71 and a beta of 1.49.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 earnings per share 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 business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the business earned $1.55 EPS. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts forecast that Synchrony Financial will post 7.67 EPS for the current 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, August 5th. Synchrony Financial's payout ratio is currently 14.56%.

Wall Street Analyst Weigh In

Several research analysts have commented on SYF shares. Wells Fargo & Company lifted their target price on Synchrony Financial from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on Synchrony Financial from $52.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Wall Street Zen raised Synchrony Financial from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Cfra Research raised Synchrony Financial to a "hold" rating in a research note on Tuesday, April 22nd. Finally, BTIG Research raised Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Monday, July 14th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Synchrony Financial has an average rating of "Moderate Buy" and a consensus price target of $74.05.

Insider Buying and Selling

In other Synchrony Financial news, insider Darrell Owens sold 600 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $67.95, for a total transaction of $40,770.00. Following the completion of the sale, the insider directly owned 21,372 shares of the company's stock, valued at approximately $1,452,227.40. The trade was a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Curtis Howse sold 11,380 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total value of $739,700.00. Following the sale, the insider directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 61,133 shares of company stock valued at $3,817,635. Company insiders own 0.33% of the company's stock.

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.