Synchrony Financial (NYSE:SYF) Shares Bought by Stevens Capital Management LP

Key Points

• Stevens Capital Management LP increased its holdings in Synchrony Financial by 107.5% during the first quarter, now owning 10,981 shares valued at approximately $581,000.
• Synchrony Financial recently announced a quarterly dividend of $0.30, with an annualized yield of 1.67%, payable on August 15th to shareholders of record on August 5th.
• Wall Street analysts have mixed views on Synchrony Financial's stock, with a consensus rating of "Moderate Buy" and a consensus price target of $74.17.

Stevens Capital Management LP increased its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 107.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,981 shares of the financial services provider's stock after purchasing an additional 5,690 shares during the quarter. Stevens Capital Management LP's holdings in Synchrony Financial were worth $581,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CVA Family Office LLC raised its holdings in Synchrony Financial by 355.9% in the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock worth $37,000 after purchasing an additional 541 shares during the period. Accredited Wealth Management LLC acquired a new position in Synchrony Financial in the 4th quarter worth about $38,000. Rothschild Investment LLC raised its holdings in Synchrony Financial by 55.6% in the 1st 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 period. Golden State Wealth Management LLC raised its holdings 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 valued at $51,000 after acquiring an additional 811 shares during the last quarter. Finally, Global Financial Private Client LLC raised its holdings in shares of Synchrony Financial by 1,107.4% during the first quarter. Global Financial Private Client LLC now owns 978 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 897 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 11,380 shares of the firm's stock in a transaction 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 in the company, valued at $7,024,030. This trade represents a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan S. Mothner sold 40,639 shares of the firm's stock in a transaction 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 sale, the insider 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. Company insiders own 0.33% of the company's stock.

Synchrony Financial Trading Down 0.8%

Shares of SYF traded down $0.62 during midday trading on Tuesday, hitting $72.26. 1,452,425 shares of the stock were exchanged, compared to its average volume of 4,135,294. Synchrony Financial has a 52-week low of $40.54 and a 52-week high of $73.76. The stock has a fifty day simple moving average of $64.50 and a 200 day simple moving average of $60.02. The firm has a market cap of $26.88 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.72 and a beta of 1.46. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $2.50 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the business posted $1.55 earnings per share. The company's quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.66%. Synchrony Financial's dividend payout ratio is currently 14.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank Of Canada increased their target price on Synchrony Financial from $75.00 to $78.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Wall Street Zen raised Synchrony Financial from a "hold" rating to a "buy" rating in a report on Saturday. Barclays cut their price target on Synchrony Financial from $81.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. BTIG Research raised Synchrony Financial from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday, July 14th. Finally, Wells Fargo & Company increased their price target on Synchrony Financial from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Synchrony Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.17.

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.