Chatham Capital Group Inc. bought a new stake in shares of Synchrony Financial (NYSE:SYF) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 125,965 shares of the financial services provider’s stock, valued at approximately $4,321,000. Synchrony Financial makes up approximately 1.2% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 25th largest position.
Other large investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of Synchrony Financial by 41.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,280 shares of the financial services provider’s stock valued at $113,000 after buying an additional 965 shares during the period. WFG Advisors LP increased its stake in shares of Synchrony Financial by 177,871.4% in the fourth quarter. WFG Advisors LP now owns 12,458 shares of the financial services provider’s stock valued at $117,000 after buying an additional 12,451 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Synchrony Financial during the first quarter valued at about $152,000. Coconut Grove Bank increased its stake in shares of Synchrony Financial by 93.9% in the first quarter. Coconut Grove Bank now owns 4,480 shares of the financial services provider’s stock valued at $154,000 after buying an additional 2,170 shares during the period. Finally, SRB Corp increased its stake in shares of Synchrony Financial by 23.1% in the third quarter. SRB Corp now owns 5,786 shares of the financial services provider’s stock valued at $162,000 after buying an additional 1,084 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.
Synchrony Financial (SYF) traded up 0.10% during mid-day trading on Friday, reaching $28.70. 7,848,342 shares of the company were exchanged. The stock has a market capitalization of $23.28 billion, a price-to-earnings ratio of 10.95 and a beta of 1.06. Synchrony Financial has a one year low of $23.25 and a one year high of $38.06. The stock has a 50 day moving average of $28.45 and a 200-day moving average of $33.71.
Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, April 28th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.13. Synchrony Financial had a net margin of 15.15% and a return on equity of 16.34%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the company earned $0.70 EPS. On average, equities analysts expect that Synchrony Financial will post $2.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Monday, May 8th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, May 4th. This represents a $0.52 annualized dividend and a dividend yield of 1.81%. Synchrony Financial’s dividend payout ratio (DPR) is currently 19.19%.
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SYF has been the subject of several research reports. Jefferies Group LLC restated a “buy” rating and set a $45.00 price objective on shares of Synchrony Financial in a research report on Tuesday, February 14th. Vetr cut shares of Synchrony Financial from a “strong-buy” rating to a “buy” rating and set a $41.65 target price on the stock. in a report on Tuesday, February 14th. Wells Fargo & Co initiated coverage on shares of Synchrony Financial in a report on Wednesday, March 29th. They set an “outperform” rating on the stock. BMO Capital Markets reissued a “buy” rating and issued a $38.00 price objective on shares of Synchrony Financial in a research note on Tuesday, April 11th. Finally, Oppenheimer Holdings Inc. initiated coverage on shares of Synchrony Financial in a research note on Tuesday, April 11th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Synchrony Financial currently has a consensus rating of “Buy” and a consensus price target of $37.71.
In other Synchrony Financial news, Director Will W. Graylin purchased 18,000 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were bought at an average price of $27.80 per share, for a total transaction of $500,400.00. Following the acquisition, the director now owns 55,389 shares in the company, valued at $1,539,814.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David P. Melito sold 748 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $34.24, for a total transaction of $25,611.52. Following the completion of the transaction, the insider now owns 43,390 shares in the company, valued at approximately $1,485,673.60. The disclosure for this sale can be found here. Corporate insiders own 0.02% 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.
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