Syntal Capital Partners LLC Acquires New Holdings in Synchrony Financial (NYSE:SYF)

Syntal Capital Partners LLC acquired a new stake in Synchrony Financial (NYSE:SYF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 32,303 shares of the financial services provider’s stock, valued at approximately $1,567,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kentucky Retirement Systems purchased a new stake in Synchrony Financial in the 2nd quarter valued at about $1,528,000. Bank of Montreal Can grew its position in Synchrony Financial by 21.6% in the 2nd quarter. Bank of Montreal Can now owns 961,600 shares of the financial services provider’s stock valued at $47,686,000 after acquiring an additional 170,774 shares in the last quarter. Prospera Financial Services Inc grew its position in Synchrony Financial by 1,081.8% in the 2nd quarter. Prospera Financial Services Inc now owns 134,326 shares of the financial services provider’s stock valued at $6,518,000 after acquiring an additional 122,960 shares in the last quarter. CIBC World Markets Inc. grew its position in Synchrony Financial by 118.0% in the 2nd quarter. CIBC World Markets Inc. now owns 57,842 shares of the financial services provider’s stock valued at $2,806,000 after acquiring an additional 31,311 shares in the last quarter. Finally, Paradigm Financial Partners LLC grew its position in Synchrony Financial by 17.6% in the 2nd quarter. Paradigm Financial Partners LLC now owns 37,069 shares of the financial services provider’s stock valued at $1,799,000 after acquiring an additional 5,548 shares in the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.

SYF traded up $1.08 on Monday, reaching $51.31. The company’s stock had a trading volume of 82,659 shares, compared to its average volume of 5,873,941. The stock has a 50 day moving average of $48.52 and a two-hundred day moving average of $46.36. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $29.23 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 0.38 and a beta of 1.80. Synchrony Financial has a fifty-two week low of $24.47 and a fifty-two week high of $52.14.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Monday, July 19th. The financial services provider reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.65. Synchrony Financial had a return on equity of 27.59% and a net margin of 21.76%. The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, analysts anticipate that Synchrony Financial will post 6.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 12th. Stockholders of record on Monday, August 2nd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Friday, July 30th. Synchrony Financial’s dividend payout ratio (DPR) is presently 33.85%.

Several equities analysts have weighed in on SYF shares. started coverage on Synchrony Financial in a research report on Friday, July 9th. They issued a “hold” rating and a $51.00 target price for the company. Credit Suisse Group lifted their target price on Synchrony Financial from $59.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, September 10th. Jefferies Financial Group initiated coverage on Synchrony Financial in a research report on Friday, September 10th. They issued a “buy” rating and a $58.00 target price for the company. JMP Securities boosted their price objective on Synchrony Financial from $43.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, July 19th. Finally, initiated coverage on Synchrony Financial in a research report on Friday, July 9th. They set a “neutral” rating and a $51.00 price objective for the company. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $54.19.

About Synchrony Financial

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.

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

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