Brinker Capital Inc. Acquires New Position in Synchrony Financial (SYF)

Brinker Capital Inc. bought a new stake in shares of Synchrony Financial (NYSE:SYF) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,639 shares of the financial services provider’s stock, valued at approximately $945,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Conning Inc. lifted its stake in Synchrony Financial by 10.2% in the 1st quarter. Conning Inc. now owns 11,323 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 1,050 shares in the last quarter. Community Financial Services Group LLC purchased a new stake in Synchrony Financial in the 1st quarter worth about $244,000. Columbus Circle Investors purchased a new stake in Synchrony Financial in the 1st quarter worth about $11,475,000. Bfsg LLC purchased a new stake in Synchrony Financial in the 1st quarter worth about $473,000. Finally, Pennsylvania Trust Co purchased a new stake in Synchrony Financial in the 1st quarter worth about $662,000. 89.46% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on SYF. Morgan Stanley increased their price objective on Synchrony Financial from $31.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, April 22nd. Nomura increased their price objective on Synchrony Financial from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. ValuEngine downgraded Synchrony Financial from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Zacks Investment Research downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Synchrony Financial in a research note on Wednesday, March 13th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $37.47.

Shares of SYF traded up $0.09 during midday trading on Wednesday, reaching $35.24. 4,210,542 shares of the stock were exchanged, compared to its average volume of 6,487,877. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.39 and a quick ratio of 1.27. Synchrony Financial has a 12-month low of $21.77 and a 12-month high of $36.25. The company has a market capitalization of $24.43 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.12. Synchrony Financial had a return on equity of 19.79% and a net margin of 17.52%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the business earned $0.83 EPS. On average, equities research analysts expect that Synchrony Financial will post 4.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 6th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, May 3rd. Synchrony Financial’s payout ratio is 22.46%.

In related news, insider Henry F. Greig sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $33.00, for a total value of $1,650,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David P. Melito sold 6,014 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $34.25, for a total value of $205,979.50. Following the completion of the transaction, the insider now directly owns 29,476 shares in the company, valued at $1,009,553. The disclosure for this sale can be found here. Insiders sold a total of 59,218 shares of company stock worth $1,964,916 over the last three months. 0.32% of the stock is owned by company insiders.

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Synchrony Financial Profile

Synchrony Financial operates as a consumer financial services company in the United States. The company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans.

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

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