Achmea Funding Administration B.V. elevated its holdings in shares of Synchrony Monetary (NYSE:SYF – Free Report) by 3.9% within the second quarter, Holdings Channel stories. The agency owned 51,713 shares of the monetary providers supplier’s inventory after shopping for an extra 1,939 shares in the course of the quarter. Achmea Funding Administration B.V.’s holdings in Synchrony Monetary have been value $2,440,000 as of its most up-to-date submitting with the Securities and Change Fee (SEC).
A number of different hedge funds and different institutional traders additionally lately purchased and offered shares of SYF. Principal Securities Inc. acquired a brand new place in Synchrony Monetary within the 4th quarter valued at about $60,000. Massachusetts Monetary Companies Co. MA grew its stake in shares of Synchrony Monetary by 19.7% within the 4th quarter. Massachusetts Monetary Companies Co. MA now owns 29,688 shares of the monetary providers supplier’s inventory valued at $1,134,000 after buying an extra 4,877 shares over the past quarter. Kingsview Wealth Administration LLC bought a brand new place in shares of Synchrony Monetary within the 4th quarter valued at roughly $1,546,000. Unbiased Advisor Alliance acquired a brand new place in shares of Synchrony Monetary within the fourth quarter valued at roughly $245,000. Lastly, Norges Financial institution bought a brand new stake in shares of Synchrony Monetary in the course of the fourth quarter value roughly $182,739,000. 96.48% of the inventory is owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
SYF has been the subject of various analyst stories. Baird R W upgraded shares of Synchrony Monetary to a “strong-buy” score in a analysis report on Friday, June twenty eighth. Morgan Stanley reaffirmed an “underweight” score and issued a $30.00 goal value on shares of Synchrony Monetary in a report on Wednesday, June twelfth. BTIG Analysis initiated protection on shares of Synchrony Monetary in a report on Friday, June seventh. They set a “purchase” score and a $60.00 value goal for the corporate. Wells Fargo & Firm raised their value goal on shares of Synchrony Monetary from $49.00 to $53.00 and gave the corporate an “equal weight” score in a analysis report on Thursday, July 18th. Lastly, StockNews.com upgraded Synchrony Monetary from a “maintain” score to a “purchase” score in a analysis report on Friday, July twelfth. One analyst has rated the inventory with a promote score, eight have assigned a maintain score, fifteen have issued a purchase score and one has given a powerful purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the corporate has a median score of “Average Purchase” and a consensus value goal of $50.41.
Synchrony Monetary Worth Efficiency
Synchrony Monetary inventory opened at $47.13 on Friday. The corporate has a fast ratio of 1.23, a present ratio of 1.23 and a debt-to-equity ratio of 1.09. Synchrony Monetary has a 52 week low of $27.30 and a 52 week excessive of $52.67. The agency has a market capitalization of $18.63 billion, a PE ratio of 6.76, a P/E/G ratio of 1.08 and a beta of 1.62. The agency’s 50-day easy shifting common is $48.29 and its 200 day easy shifting common is $45.01.
Synchrony Monetary (NYSE:SYF – Get Free Report) final launched its earnings outcomes on Wednesday, July seventeenth. The monetary providers supplier reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.20. Synchrony Monetary had a internet margin of 13.52% and a return on fairness of 16.06%. The corporate had income of $5.58 billion for the quarter, in comparison with analyst estimates of $4.44 billion. Throughout the identical interval within the prior 12 months, the agency earned $1.32 EPS. On common, equities analysis analysts predict that Synchrony Monetary will submit 5.79 EPS for the present fiscal 12 months.
Synchrony Monetary Publicizes Dividend
The agency additionally lately introduced a quarterly dividend, which was paid on Thursday, August fifteenth. Buyers of report on Monday, August fifth have been paid a $0.25 dividend. The ex-dividend date was Monday, August fifth. This represents a $1.00 annualized dividend and a yield of two.12%. Synchrony Monetary’s payout ratio is at present 14.35%.
Insider Shopping for and Promoting
In different Synchrony Monetary information, insider Bart Schaller offered 930 shares of Synchrony Monetary inventory in a transaction dated Thursday, August 1st. The inventory was offered at a median value of $50.84, for a complete worth of $47,281.20. Following the completion of the sale, the insider now owns 49,390 shares within the firm, valued at roughly $2,510,987.60. The transaction was disclosed in a doc filed with the Securities & Change Fee, which could be accessed by this hyperlink. In different Synchrony Monetary information, insider Bart Schaller offered 930 shares of the inventory in a transaction that occurred on Thursday, August 1st. The shares have been offered at a median value of $50.84, for a complete transaction of $47,281.20. Following the transaction, the insider now owns 49,390 shares of the corporate’s inventory, valued at $2,510,987.60. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by the SEC web site. Additionally, insider Brian J. Sr. Wenzel offered 74,698 shares of the enterprise’s inventory in a transaction on Monday, August nineteenth. The shares have been offered at a median value of $46.73, for a complete transaction of $3,490,637.54. Following the sale, the insider now instantly owns 76,251 shares of the corporate’s inventory, valued at $3,563,209.23. The disclosure for this sale could be discovered right here. 0.33% of the inventory is at present owned by firm insiders.
About Synchrony Monetary
Synchrony Monetary, along with its subsidiaries, operates as a shopper monetary providers firm in the US. It gives credit score merchandise, similar to bank cards, industrial credit score merchandise, and shopper installment loans. The corporate additionally presents non-public label bank cards, twin co-brand and common objective bank cards, short- and long-term installment loans, and shopper banking merchandise; and deposit merchandise, together with certificates of deposit, particular person retirement accounts, cash market accounts, and financial savings accounts, and sweep and affinity deposits, in addition to accepts deposits by third-party securities brokerage companies.
See Additionally
Wish to see what different hedge funds are holding SYF? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Synchrony Monetary (NYSE:SYF – Free Report).
Obtain Information & Rankings for Synchrony Monetary Day by day – Enter your e-mail deal with under to obtain a concise every day abstract of the most recent information and analysts’ rankings for Synchrony Monetary and associated corporations with MarketBeat.com’s FREE every day e-mail publication.
