Pflug Koory LLC Has $149,000 Stock Holdings in Synchrony Financial (NYSE:SYF)

Pflug Koory LLC cut its position in shares of Synchrony Financial (NYSE:SYF) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,285 shares of the financial services provider’s stock after selling 300 shares during the period. Pflug Koory LLC’s holdings in Synchrony Financial were worth $149,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SYF. Executive Wealth Management LLC bought a new stake in shares of Synchrony Financial during the 2nd quarter worth about $27,000. Advantage Investment Management LLC boosted its holdings in shares of Synchrony Financial by 455.2% during the 2nd quarter. Advantage Investment Management LLC now owns 1,388 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,138 shares during the period. Clarus Wealth Advisors boosted its holdings in shares of Synchrony Financial by 677.8% during the 2nd quarter. Clarus Wealth Advisors now owns 1,400 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,220 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Synchrony Financial by 195.0% during the 1st quarter. Parallel Advisors LLC now owns 1,894 shares of the financial services provider’s stock worth $60,000 after buying an additional 1,252 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Synchrony Financial by 40.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,016 shares of the financial services provider’s stock worth $64,000 after buying an additional 579 shares during the period. Institutional investors own 88.53% of the company’s stock.

In other news, insider David P. Melito sold 3,204 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $36.00, for a total transaction of $115,344.00. Following the completion of the sale, the insider now owns 23,567 shares of the company’s stock, valued at approximately $848,412. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Margaret M. Keane sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $33.82, for a total transaction of $4,227,500.00. Following the sale, the insider now directly owns 648,901 shares of the company’s stock, valued at approximately $21,945,831.82. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.



NYSE SYF traded up $0.65 during trading on Friday, reaching $33.41. The company’s stock had a trading volume of 164,431 shares, compared to its average volume of 4,360,244. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $23.01 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.80 and a beta of 1.19. Synchrony Financial has a 12 month low of $21.77 and a 12 month high of $36.87. The firm has a 50 day moving average price of $35.36 and a 200 day moving average price of $33.58.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, July 19th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.01. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.19 billion. Synchrony Financial had a net margin of 17.82% and a return on equity of 19.50%. During the same quarter in the previous year, the firm posted $0.92 EPS. On average, equities analysts forecast that Synchrony Financial will post 4.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 5th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Friday, August 2nd. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.21. Synchrony Financial’s dividend payout ratio is 23.53%.

Several analysts recently commented on SYF shares. Morgan Stanley lifted their target price on shares of Synchrony Financial from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Monday, April 22nd. BMO Capital Markets set a $43.00 target price on shares of Synchrony Financial and gave the stock a “buy” rating in a report on Sunday, July 21st. ValuEngine downgraded shares of Synchrony Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BTIG Research reissued a “buy” rating and issued a $42.00 price objective on shares of Synchrony Financial in a report on Monday, July 22nd. Finally, Nomura boosted their price objective on shares of Synchrony Financial from $35.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $38.43.

About Synchrony Financial

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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

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