Vinva Investment Management Ltd Has $3.55 Million Stake in Synchrony Financial (NYSE:SYF)

Vinva Investment Management Ltd increased its holdings in Synchrony Financial (NYSE:SYF) by 56.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,540 shares of the financial services provider’s stock after buying an additional 25,706 shares during the period. Vinva Investment Management Ltd’s holdings in Synchrony Financial were worth $3,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SYF. Larson Financial Group LLC raised its position in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Synchrony Financial in the second quarter valued at approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of Synchrony Financial in the second quarter valued at approximately $33,000. WR Wealth Planners LLC raised its position in Synchrony Financial by 83.6% during the second quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 326 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Synchrony Financial during the second quarter valued at approximately $39,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

Shares of SYF opened at $67.22 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $26.17 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 0.93 and a beta of 1.59. The firm’s fifty day simple moving average is $57.26 and its two-hundred day simple moving average is $50.31. Synchrony Financial has a 12 month low of $29.65 and a 12 month high of $67.76.

Synchrony Financial (NYSE:SYF) last issued 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 for the quarter, compared to analysts’ expectations of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 earnings per share. As a group, analysts predict that Synchrony Financial will post 6.52 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.49%. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.05%.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 34,163 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.99, for a total value of $2,220,253.37. Following the sale, the insider now owns 127,587 shares in the company, valued at $8,291,879.13. This represents a 21.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the sale, the insider now owns 99,743 shares in the company, valued at $5,498,831.59. This represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SYF. Compass Point boosted their price objective on shares of Synchrony Financial from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. TD Cowen boosted their price objective on shares of Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Barclays boosted their price objective on shares of Synchrony Financial from $49.00 to $59.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Royal Bank of Canada boosted their price objective on shares of Synchrony Financial from $55.00 to $62.00 and gave the company a “sector perform” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group upped their price target on shares of Synchrony Financial from $64.00 to $72.50 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average price target of $57.43.

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.