Synchrony Financial (SYF) Shares Bought by Aperio Group LLC

Aperio Group LLC raised its stake in Synchrony Financial (NYSE:SYF) by 16.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 166,115 shares of the financial services provider’s stock after buying an additional 23,176 shares during the period. Aperio Group LLC’s holdings in Synchrony Financial were worth $4,954,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Quadrature Capital Ltd boosted its stake in shares of Synchrony Financial by 34.5% in the fourth quarter. Quadrature Capital Ltd now owns 44,242 shares of the financial services provider’s stock valued at $1,605,000 after buying an additional 11,349 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Synchrony Financial by 8.4% in the first quarter. Fulton Bank N.A. now owns 6,346 shares of the financial services provider’s stock valued at $218,000 after buying an additional 494 shares in the last quarter. Trust Co boosted its stake in shares of Synchrony Financial by 12.5% in the fourth quarter. Trust Co now owns 16,152 shares of the financial services provider’s stock valued at $586,000 after buying an additional 1,800 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Synchrony Financial by 4.3% in the first quarter. Raymond James Trust N.A. now owns 6,625 shares of the financial services provider’s stock valued at $227,000 after buying an additional 274 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Synchrony Financial by 4.3% in the first quarter. Creative Planning now owns 5,863 shares of the financial services provider’s stock valued at $201,000 after buying an additional 240 shares in the last quarter. Institutional investors own 89.63% of the company’s stock.

Synchrony Financial (SYF) opened at 30.07 on Friday. The company’s 50-day moving average is $29.95 and its 200-day moving average is $31.55. The firm has a market capitalization of $23.92 billion, a P/E ratio of 11.29 and a beta of 1.01. Synchrony Financial has a one year low of $26.01 and a one year high of $38.06.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Friday, July 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Synchrony Financial had a return on equity of 15.30% and a net margin of 13.84%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the firm posted $0.58 EPS. Equities analysts forecast that Synchrony Financial will post $2.60 earnings per share for the current fiscal year.

Synchrony Financial announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 18th that allows the company to buyback $1.64 billion in shares. This buyback authorization allows the financial services provider to purchase up to 7.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 2.00%. Synchrony Financial’s dividend payout ratio (DPR) is currently 22.64%.

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Several equities research analysts have recently commented on SYF shares. Goldman Sachs Group, Inc. (The) cut shares of Synchrony Financial from a “conviction-buy” rating to a “neutral” rating and lowered their price target for the stock from $44.00 to $33.00 in a research report on Friday, April 28th. Stephens lowered shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $44.00 to $29.00 in a research note on Monday, May 1st. Deutsche Bank AG reduced their price objective on shares of Synchrony Financial from $47.00 to $35.00 and set a “hold” rating on the stock in a research note on Monday, May 1st. DA Davidson reduced their price objective on shares of Synchrony Financial from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, May 1st. Finally, Jefferies Group LLC reduced their price objective on shares of Synchrony Financial from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Synchrony Financial has a consensus rating of “Buy” and a consensus target price of $37.46.

In other Synchrony Financial news, Director Paget Leonard Alves bought 2,000 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was purchased at an average cost of $30.85 per share, with a total value of $61,700.00. Following the transaction, the director now directly owns 8,521 shares in the company, valued at approximately $262,872.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Synchrony Financial Company Profile

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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