Teachers Retirement System of The State of Kentucky trimmed its position in shares of Synchrony Financial (NYSE:SYF) by 8.4% in the 4th quarter, HoldingsChannel reports. The firm owned 981,460 shares of the financial services provider’s stock after selling 89,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Synchrony Financial were worth $37,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of SYF. Flossbach Von Storch AG acquired a new position in Synchrony Financial in the fourth quarter valued at approximately $202,000. TRUE Private Wealth Advisors bought a new stake in shares of Synchrony Financial in the 4th quarter worth $204,000. MML Investors Services LLC purchased a new position in Synchrony Financial in the fourth quarter valued at about $217,000. Raymond James Trust N.A. bought a new stake in shares of Synchrony Financial during the 4th quarter worth about $218,000. Finally, Capital Asset Advisory Services LLC bought a new stake in shares of Synchrony Financial during the 4th quarter worth about $219,000. 88.65% of the stock is owned by institutional investors.
In other news, insider David P. Melito sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was 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 in the company, valued at approximately $1,570,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Margaret M. Keane sold 13,138 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $36.70, for a total value of $482,164.60. Following the completion of the sale, the insider now owns 440,169 shares of the company’s stock, valued at $16,154,202.30. The disclosure for this sale can be found here. Insiders sold a total of 25,850 shares of company stock valued at $955,616 over the last quarter. Company insiders own 0.03% of the company’s stock.
Synchrony Financial (NYSE SYF) opened at $37.28 on Monday. The stock has a market capitalization of $28,340.89, a P/E ratio of 14.23, a P/E/G ratio of 1.44 and a beta of 1.07. Synchrony Financial has a fifty-two week low of $26.01 and a fifty-two week high of $40.59. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.46.
Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. During the same quarter last year, the business posted $0.70 EPS. equities analysts anticipate that Synchrony Financial will post 3.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.61%. Synchrony Financial’s dividend payout ratio (DPR) is 24.90%.
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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