U.S. Capital Wealth Advisors LLC Takes $11.51 Million Position in Synchrony Financial (NYSE:SYF)

U.S. Capital Wealth Advisors LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 217,341 shares of the financial services provider's stock, valued at approximately $11,506,000. U.S. Capital Wealth Advisors LLC owned 0.06% of Synchrony Financial at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. TCTC Holdings LLC acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at $27,000. CVA Family Office LLC boosted its holdings in shares of Synchrony Financial by 355.9% in the 1st quarter. CVA Family Office LLC now owns 693 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 541 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at $38,000. Rothschild Investment LLC boosted its holdings in shares of Synchrony Financial by 55.6% in the 1st quarter. Rothschild Investment LLC now owns 862 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 308 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Synchrony Financial by 503.7% in the 1st quarter. Golden State Wealth Management LLC now owns 972 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 811 shares in 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 news, insider Curtis Howse sold 11,380 shares of the business'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 completion of the transaction, the insider directly owned 108,062 shares of the company's stock, valued at $7,024,030. The trade was a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jonathan S. Mothner sold 40,639 shares of the business's stock in a transaction on Monday, May 19th. The stock was 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 directly owned 146,628 shares of the company's stock, valued at approximately $8,807,943.96. This trade represents a 21.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen raised Synchrony Financial from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Evercore ISI cut their price objective on Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Cfra Research raised Synchrony Financial to a "hold" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their price objective on Synchrony Financial from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Synchrony Financial has a consensus rating of "Moderate Buy" and a consensus target price of $65.78.

Synchrony Financial Stock Performance

Shares of SYF stock traded up $0.21 during midday trading on Tuesday, hitting $69.91. The company had a trading volume of 613,530 shares, compared to its average volume of 3,856,584. The company's 50 day simple moving average is $60.24 and its 200 day simple moving average is $59.51. Synchrony Financial has a 52-week low of $40.55 and a 52-week high of $70.93. The stock has a market cap of $26.61 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 0.73 and a beta of 1.46. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.25 and a quick ratio of 1.25.

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

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, May 5th. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 1.72%. Synchrony Financial's payout ratio is currently 16.46%.

About Synchrony Financial

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.