Standard Life Aberdeen plc lifted its holdings in Synchrony Financial (NYSE:SYF) by 5.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 596,568 shares of the financial services provider’s stock after buying an additional 31,363 shares during the period. Standard Life Aberdeen plc’s holdings in Synchrony Financial were worth $23,037,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of SYF. First Trust Advisors LP increased its holdings in shares of Synchrony Financial by 12.3% in the 3rd quarter. First Trust Advisors LP now owns 1,266,079 shares of the financial services provider’s stock worth $39,312,000 after buying an additional 139,140 shares during the last quarter. Aperio Group LLC grew its holdings in Synchrony Financial by 7.1% during the 3rd quarter. Aperio Group LLC now owns 177,956 shares of the financial services provider’s stock valued at $5,526,000 after purchasing an additional 11,841 shares during the last quarter. Westchester Capital Management Inc. grew its holdings in Synchrony Financial by 0.8% during the 3rd quarter. Westchester Capital Management Inc. now owns 250,631 shares of the financial services provider’s stock valued at $7,782,000 after purchasing an additional 2,000 shares during the last quarter. Hanson & Doremus Investment Management grew its holdings in Synchrony Financial by 5.9% during the 3rd quarter. Hanson & Doremus Investment Management now owns 31,321 shares of the financial services provider’s stock valued at $973,000 after purchasing an additional 1,737 shares during the last quarter. Finally, Cubic Asset Management LLC bought a new position in Synchrony Financial during the 3rd quarter valued at about $3,204,000. Hedge funds and other institutional investors own 87.58% of the company’s stock.
In other news, insider David P. Melito sold 2,580 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $35.00, for a total value of $90,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Margaret M. Keane sold 13,138 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $36.70, for a total transaction of $482,164.60. Following the completion of the sale, the insider now directly owns 440,169 shares of the company’s stock, valued at approximately $16,154,202.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,311 shares of company stock valued at $1,117,394. 0.03% of the stock is owned by corporate insiders.
Shares of Synchrony Financial (NYSE SYF) opened at $37.39 on Tuesday. The stock has a market cap of $29,260.00, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.45 and a quick ratio of 1.45. Synchrony Financial has a 52-week low of $26.01 and a 52-week high of $40.59.
Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. During the same period in the previous year, the company earned $0.70 EPS. equities research analysts anticipate that Synchrony Financial will post 3.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were given a $0.15 dividend. The ex-dividend date was Friday, February 2nd. This represents a $0.60 annualized dividend and a yield of 1.60%. Synchrony Financial’s dividend payout ratio (DPR) is 22.90%.
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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