Waldron Private Wealth LLC Boosts Stock Holdings in Synchrony Financial (NYSE:SYF)

Waldron Private Wealth LLC grew its position in shares of Synchrony Financial (NYSE:SYF) by 87.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,148 shares of the financial services provider’s stock after acquiring an additional 3,790 shares during the quarter. Waldron Private Wealth LLC’s holdings in Synchrony Financial were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in Synchrony Financial during the 1st quarter worth $28,000. Altshuler Shaham Ltd purchased a new stake in shares of Synchrony Financial during the second quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new position in Synchrony Financial in the second quarter worth $33,000. WR Wealth Planners LLC boosted its position in Synchrony Financial by 83.6% in the second quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 326 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Synchrony Financial in the second quarter worth $39,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Trading Down 0.3 %

SYF opened at $55.67 on Wednesday. The business has a 50 day simple moving average of $49.83 and a two-hundred day simple moving average of $46.88. The firm has a market capitalization of $22.00 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 1.30 and a beta of 1.61. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.23. Synchrony Financial has a one year low of $27.30 and a one year high of $57.26.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.17. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. Synchrony Financial’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 EPS. Analysts predict that Synchrony Financial will post 6.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SYF. Baird R W raised Synchrony Financial to a “strong-buy” rating in a research report on Friday, June 28th. Compass Point boosted their target price on Synchrony Financial from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada boosted their price objective on Synchrony Financial from $55.00 to $62.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Finally, Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.25.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the completion of the transaction, the insider now owns 76,251 shares of the company’s stock, valued at $3,563,209.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Synchrony Financial news, insider Brian J. Sr. Wenzel sold 74,698 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $46.73, for a total value of $3,490,637.54. Following the completion of the transaction, the insider now owns 76,251 shares in the company, valued at approximately $3,563,209.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bart Schaller sold 930 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $50.84, for a total value of $47,281.20. Following the completion of the transaction, the insider now owns 49,390 shares of the company’s stock, valued at approximately $2,510,987.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

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.