Denali Advisors LLC Has $616,000 Holdings in Synchrony Financial (NYSE:SYF)

Denali Advisors LLC lifted its position in shares of Synchrony Financial (NYSE:SYF) by 66.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,048 shares of the financial services provider’s stock after purchasing an additional 5,186 shares during the quarter. Denali Advisors LLC’s holdings in Synchrony Financial were worth $616,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in Synchrony Financial during the first quarter worth $28,000. International Assets Investment Management LLC acquired a new stake in shares of Synchrony Financial in the 2nd quarter worth about $33,000. WR Wealth Planners LLC lifted its position in Synchrony Financial by 83.6% in the 2nd quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 326 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Synchrony Financial during the 2nd quarter valued at about $39,000. Finally, Family Firm Inc. bought a new stake in Synchrony Financial during the 2nd quarter worth approximately $42,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $49.19 on Wednesday. The firm has a market capitalization of $19.75 billion, a P/E ratio of 7.06, a PEG ratio of 1.09 and a beta of 1.62. Synchrony Financial has a one year low of $27.30 and a one year high of $52.67. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.23 and a quick ratio of 1.23. The business has a fifty day moving average price of $48.30 and a 200-day moving average price of $45.17.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.35 by $0.20. Synchrony Financial had a return on equity of 16.06% and a net margin of 13.52%. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the company earned $1.32 EPS. As a group, equities research analysts forecast that Synchrony Financial will post 5.79 EPS for the current year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, August 5th. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.35%.

Insiders Place Their Bets

In other news, insider Brian J. Sr. Wenzel sold 74,698 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $46.73, for a total value of $3,490,637.54. Following the transaction, the insider now owns 76,251 shares of the company’s stock, valued at $3,563,209.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Bart Schaller sold 930 shares of Synchrony Financial stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $50.84, for a total transaction of $47,281.20. Following the completion of the sale, the insider now owns 49,390 shares in the company, valued at approximately $2,510,987.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Sr. Wenzel sold 74,698 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $46.73, for a total transaction of $3,490,637.54. Following the completion of the transaction, the insider now owns 76,251 shares in the company, valued at $3,563,209.23. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SYF shares. JMP Securities lifted their target price on Synchrony Financial from $49.00 to $60.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. upped their target price on shares of Synchrony Financial from $46.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Bank of America upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a report on Friday, August 9th. Baird R W upgraded shares of Synchrony Financial to a “strong-buy” rating in a report on Friday, June 28th. Finally, Jefferies Financial Group increased their price objective on shares of Synchrony Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.41.

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.