Coldstream Capital Management Inc. Increases Stock Holdings in Synchrony Financial (NYSE:SYF)

Coldstream Capital Management Inc. grew its holdings in shares of Synchrony Financial (NYSE:SYF) by 14.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,637 shares of the financial services provider’s stock after purchasing an additional 1,188 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Synchrony Financial were worth $499,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Graypoint LLC grew its position in Synchrony Financial by 4.0% during the third quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock valued at $233,000 after buying an additional 181 shares during the period. Empirical Finance LLC grew its position in shares of Synchrony Financial by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock valued at $773,000 after acquiring an additional 204 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Synchrony Financial by 1.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,995 shares of the financial services provider’s stock worth $997,000 after purchasing an additional 227 shares in the last quarter. Wedmont Private Capital raised its holdings in Synchrony Financial by 3.3% in the 3rd quarter. Wedmont Private Capital now owns 7,508 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 242 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in Synchrony Financial by 0.5% during the second quarter. 1832 Asset Management L.P. now owns 52,242 shares of the financial services provider’s stock valued at $2,465,000 after purchasing an additional 251 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the completion of the transaction, the insider now directly owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the transaction, the insider now owns 99,743 shares in the company, valued at $5,498,831.59. The trade was a 18.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

SYF has been the subject of a number of analyst reports. TD Cowen upped their price target on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price target on shares of Synchrony Financial from $64.00 to $72.50 and gave the company a “buy” rating in a report on Tuesday, November 19th. StockNews.com raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. Barclays lifted their target price on shares of Synchrony Financial from $49.00 to $59.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods increased their price target on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.53.

Synchrony Financial Trading Down 0.7 %

SYF stock opened at $68.06 on Friday. The firm has a fifty day moving average price of $61.22 and a 200 day moving average price of $52.18. Synchrony Financial has a fifty-two week low of $35.29 and a fifty-two week high of $69.39. The firm has a market cap of $26.50 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.82 and a beta of 1.63. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.17. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company posted $1.48 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that Synchrony Financial will post 6.51 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.47%. Synchrony Financial’s payout ratio is currently 13.05%.

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.