Synchrony Financial (SYF) is Horan Capital Advisors LLC.’s 9th Largest Position
Horan Capital Advisors LLC. decreased its stake in Synchrony Financial (NYSE:SYF) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 97,913 shares of the financial services provider’s stock after selling 3,359 shares during the quarter. Synchrony Financial accounts for about 2.5% of Horan Capital Advisors LLC.’s portfolio, making the stock its 9th largest position. Horan Capital Advisors LLC.’s holdings in Synchrony Financial were worth $3,780,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. BT Investment Management Ltd increased its holdings in shares of Synchrony Financial by 15.2% in the 4th quarter. BT Investment Management Ltd now owns 132,297 shares of the financial services provider’s stock worth $5,108,000 after buying an additional 17,504 shares during the last quarter. Bank of The West grew its holdings in shares of Synchrony Financial by 9.0% during the 4th quarter. Bank of The West now owns 208,929 shares of the financial services provider’s stock valued at $8,066,000 after purchasing an additional 17,274 shares during the last quarter. DSAM Partners London Ltd bought a new position in shares of Synchrony Financial during the 4th quarter valued at $3,406,000. AT Bancorp grew its holdings in shares of Synchrony Financial by 3.5% during the 4th quarter. AT Bancorp now owns 85,201 shares of the financial services provider’s stock valued at $3,290,000 after purchasing an additional 2,911 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Synchrony Financial by 5.5% during the 4th quarter. Stephens Inc. AR now owns 30,305 shares of the financial services provider’s stock valued at $1,170,000 after purchasing an additional 1,585 shares during the last quarter. 86.78% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider David P. Melito sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the sale, the insider now directly owns 39,259 shares of the company’s stock, valued at approximately $1,570,360. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Olympia J. Snowe bought 3,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was bought at an average cost of $33.40 per share, with a total value of $100,200.00. Following the completion of the transaction, the director now owns 10,608 shares in the company, valued at approximately $354,307.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 6,461 shares of company stock valued at $241,778. Corporate insiders own 0.03% of the company’s stock.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The business 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 quarter in the prior year, the company posted $0.70 EPS. equities research analysts expect that Synchrony Financial will post 3.38 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be given a $0.15 dividend. The ex-dividend date is Friday, February 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. Synchrony Financial’s dividend payout ratio is 24.90%.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, January 31st. Barclays set a $55.00 target price on shares of Synchrony Financial and gave the company a “buy” rating in a report on Thursday, January 11th. Oppenheimer reaffirmed a “hold” rating on shares of Synchrony Financial in a report on Monday, January 22nd. Wells Fargo & Co raised shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Tuesday, January 9th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $44.00 target price on shares of Synchrony Financial in a report on Tuesday, December 26th. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Synchrony Financial currently has a consensus rating of “Buy” and an average target price of $38.30.
About Synchrony Financial
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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