Oakbrook Investments LLC Has $2.04 Million Stock Holdings in Synchrony Financial (NYSE:SYF)
Oakbrook Investments LLC cut its position in Synchrony Financial (NYSE:SYF) by 18.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,700 shares of the financial services provider’s stock after selling 13,660 shares during the period. Oakbrook Investments LLC’s holdings in Synchrony Financial were worth $2,035,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SYF. Norges Bank acquired a new stake in Synchrony Financial in the fourth quarter worth $168,722,000. AQR Capital Management LLC raised its holdings in Synchrony Financial by 65.2% in the first quarter. AQR Capital Management LLC now owns 10,848,426 shares of the financial services provider’s stock worth $346,065,000 after purchasing an additional 4,281,422 shares during the period. Ruffer LLP acquired a new stake in Synchrony Financial in the first quarter worth $49,313,000. Dimensional Fund Advisors LP raised its holdings in Synchrony Financial by 29.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,788,948 shares of the financial services provider’s stock worth $135,821,000 after purchasing an additional 1,317,227 shares during the period. Finally, Ellis Investment Partners LLC increased its position in shares of Synchrony Financial by 2,977.2% during the first quarter. Ellis Investment Partners LLC now owns 1,184,679 shares of the financial services provider’s stock worth $1,184,000 after acquiring an additional 1,146,181 shares in the last quarter. Institutional investors own 84.88% of the company’s stock.
In other news, insider Margaret M. Keane sold 125,000 shares of Synchrony Financial stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $33.82, for a total value of $4,227,500.00. Following the completion of the transaction, the insider now owns 648,901 shares of the company’s stock, valued at approximately $21,945,831.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David P. Melito sold 3,204 shares of Synchrony Financial stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $36.00, for a total transaction of $115,344.00. Following the completion of the transaction, the insider now directly owns 23,567 shares of the company’s stock, valued at approximately $848,412. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,218 shares of company stock valued at $4,548,824. 0.32% of the stock is owned by insiders.
Synchrony Financial stock traded up $0.09 during mid-day trading on Friday, reaching $36.60. The company’s stock had a trading volume of 2,924,410 shares, compared to its average volume of 4,401,527. The stock has a market cap of $25.17 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.82 and a beta of 1.18. Synchrony Financial has a 12 month low of $21.77 and a 12 month high of $36.87. The firm’s 50 day simple moving average is $34.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.36 and a quick ratio of 1.25.
Synchrony Financial (NYSE:SYF) last released its earnings results on Friday, July 19th. The financial services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.19 billion. Synchrony Financial had a net margin of 17.82% and a return on equity of 19.50%. During the same quarter last year, the firm earned $0.92 earnings per share. As a group, analysts predict that Synchrony Financial will post 4.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, August 5th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 2.40%. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.21. Synchrony Financial’s dividend payout ratio (DPR) is 22.46%.
Synchrony Financial Company 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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