Oak Thistle LLC Has $1.23 Million Stake in Synchrony Financial $SYF

Oak Thistle LLC lifted its stake in Synchrony Financial (NYSE:SYF) by 141.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,335 shares of the financial services provider’s stock after acquiring an additional 10,147 shares during the period. Oak Thistle LLC’s holdings in Synchrony Financial were worth $1,232,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of Synchrony Financial in the second quarter valued at approximately $26,000. True Wealth Design LLC grew its stake in Synchrony Financial by 5,787.5% in the 2nd quarter. True Wealth Design LLC now owns 471 shares of the financial services provider’s stock valued at $31,000 after buying an additional 463 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Synchrony Financial by 337.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 455 shares during the period. MAI Capital Management lifted its position in Synchrony Financial by 36.3% during the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 167 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Synchrony Financial during the second quarter valued at about $39,000. Institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling

In other Synchrony Financial news, insider Curtis Howse sold 12,086 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $74.02, for a total transaction of $894,605.72. Following the completion of the transaction, the insider directly owned 108,271 shares in the company, valued at $8,014,219.42. This represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Darrell Owens sold 2,989 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $74.02, for a total transaction of $221,245.78. Following the completion of the sale, the insider owned 16,096 shares in the company, valued at $1,191,425.92. This represents a 15.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,075 shares of company stock worth $4,036,892 over the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

SYF has been the topic of a number of recent analyst reports. Wall Street Zen lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. JMP Securities lifted their price target on Synchrony Financial from $77.00 to $88.00 and gave the stock a “market outperform” rating in a research report on Thursday, September 25th. Truist Financial reduced their price objective on Synchrony Financial from $82.00 to $78.00 and set a “hold” rating for the company in a research report on Friday, October 17th. UBS Group raised their price objective on shares of Synchrony Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $82.00 target price on shares of Synchrony Financial in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and an average target price of $82.56.

Synchrony Financial Price Performance

NYSE:SYF opened at $83.64 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50-day moving average of $75.84 and a 200-day moving average of $71.99. Synchrony Financial has a 52 week low of $40.54 and a 52 week high of $86.22. The company has a market capitalization of $30.12 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.58 and a beta of 1.46.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.64. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.79 billion. Synchrony Financial had a net margin of 15.84% and a return on equity of 22.96%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.94 earnings per share. As a group, equities research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 15th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 3.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Wednesday, November 5th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. Synchrony Financial’s dividend payout ratio is presently 13.10%.

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.