35,864 Shares in Synchrony Financial (NYSE:SYF) Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP acquired a new stake in Synchrony Financial (NYSE:SYF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,864 shares of the financial services provider’s stock, valued at approximately $2,331,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYF. Larson Financial Group LLC raised its position in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Synchrony Financial in the 2nd quarter valued at $31,000. Quarry LP increased its stake in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 675 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Synchrony Financial in the third quarter valued at about $50,000. Finally, Venturi Wealth Management LLC grew its position in Synchrony Financial by 36.6% in the third quarter. Venturi Wealth Management LLC now owns 1,662 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 445 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Trading Up 1.4 %

Shares of Synchrony Financial stock opened at $68.73 on Monday. The stock has a fifty day moving average price of $66.27 and a 200-day moving average price of $56.02. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $26.76 billion, a PE ratio of 8.97, a P/E/G ratio of 0.76 and a beta of 1.64. Synchrony Financial has a 1 year low of $35.29 and a 1 year high of $69.39.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, November 4th. Synchrony Financial’s dividend payout ratio is 13.05%.

Insider Activity

In other news, insider Jonathan S. Mothner sold 34,163 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the transaction, the insider now owns 127,587 shares of the company’s stock, valued at $8,291,879.13. This represents a 21.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Curtis Howse sold 21,934 shares of Synchrony Financial stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the sale, the insider now directly owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This trade represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

SYF has been the subject of a number of research analyst reports. Evercore ISI upped their price objective on shares of Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. UBS Group lifted their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Truist Financial assumed coverage on Synchrony Financial in a report on Tuesday, January 7th. They set a “hold” rating and a $72.00 price target on the stock. Robert W. Baird set a $62.00 target price on shares of Synchrony Financial in a research report on Thursday, October 17th. Finally, Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $82.00 in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.45.

Synchrony Financial Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.