Highlander Capital Management LLC Has $753,000 Position in Synchrony Financial (SYF)

Highlander Capital Management LLC increased its stake in Synchrony Financial (NYSE:SYF) by 120.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,140 shares of the financial services provider’s stock after buying an additional 12,648 shares during the quarter. Highlander Capital Management LLC’s holdings in Synchrony Financial were worth $753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Carnick & Kubik Group LLC lifted its position in Synchrony Financial by 3.7% in the fourth quarter. Carnick & Kubik Group LLC now owns 41,991 shares of the financial services provider’s stock worth $1,621,000 after buying an additional 1,509 shares during the last quarter. First Allied Advisory Services Inc. lifted its position in Synchrony Financial by 20.8% in the fourth quarter. First Allied Advisory Services Inc. now owns 9,174 shares of the financial services provider’s stock worth $357,000 after buying an additional 1,578 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Synchrony Financial by 7.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,419 shares of the financial services provider’s stock worth $982,000 after buying an additional 1,702 shares during the last quarter. Haverford Financial Services Inc. lifted its position in Synchrony Financial by 16.2% in the fourth quarter. Haverford Financial Services Inc. now owns 12,490 shares of the financial services provider’s stock worth $484,000 after buying an additional 1,740 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in Synchrony Financial by 9.4% in the first quarter. IFM Investors Pty Ltd now owns 24,378 shares of the financial services provider’s stock worth $817,000 after buying an additional 2,094 shares during the last quarter. Institutional investors own 86.24% of the company’s stock.

Shares of SYF stock traded up $0.15 on Thursday, hitting $35.09. The stock had a trading volume of 29,060 shares, compared to its average volume of 5,966,174. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $26.61 billion, a P/E ratio of 13.37, a PEG ratio of 1.15 and a beta of 1.13. Synchrony Financial has a one year low of $28.33 and a one year high of $40.59.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, April 20th. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.89 billion. Synchrony Financial had a return on equity of 15.60% and a net margin of 12.36%. During the same period in the previous year, the company posted $0.61 earnings per share. analysts anticipate that Synchrony Financial will post 3.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Monday, May 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.71%. Synchrony Financial’s payout ratio is currently 22.90%.

A number of analysts recently issued reports on SYF shares. Zacks Investment Research downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Buckingham Research assumed coverage on Synchrony Financial in a research report on Wednesday, March 14th. They issued a “buy” rating and a $42.00 price target for the company. UBS Group assumed coverage on Synchrony Financial in a research report on Tuesday, March 27th. They set a “sell” rating and a $32.00 target price for the company. ValuEngine downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Citigroup assumed coverage on Synchrony Financial in a research report on Thursday, April 5th. They set a “neutral” rating and a $37.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.69.

In related news, insider Paul Whynott sold 1,750 shares of Synchrony Financial stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $33.27, for a total value of $58,222.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Neeraj Mehta sold 2,299 shares of Synchrony Financial stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $32.69, for a total value of $75,154.31. Following the completion of the sale, the insider now owns 65,867 shares of the company’s stock, valued at $2,153,192.23. The disclosure for this sale can be found here. Insiders sold 6,143 shares of company stock valued at $207,923 over the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

About Synchrony Financial

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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