Synchrony Financial (NYSE:SYF) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its position in Synchrony Financial (NYSE:SYF) by 14.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,455 shares of the financial services provider’s stock after selling 19,152 shares during the period. Crossmark Global Holdings Inc.’s holdings in Synchrony Financial were worth $7,504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC increased its holdings in shares of Synchrony Financial by 109.7% in the 2nd quarter. Intech Investment Management LLC now owns 37,905 shares of the financial services provider’s stock valued at $1,789,000 after acquiring an additional 19,831 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Synchrony Financial by 112.2% in the 2nd quarter. ProShare Advisors LLC now owns 227,656 shares of the financial services provider’s stock worth $10,743,000 after purchasing an additional 120,373 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Synchrony Financial by 0.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 52,242 shares of the financial services provider’s stock valued at $2,465,000 after purchasing an additional 251 shares during the period. Fidelis Capital Partners LLC grew its stake in Synchrony Financial by 8.7% during the 2nd quarter. Fidelis Capital Partners LLC now owns 5,301 shares of the financial services provider’s stock worth $235,000 after buying an additional 424 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Synchrony Financial in the second quarter worth $444,000. 96.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

SYF has been the subject of several recent research reports. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Synchrony Financial from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price target on Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group increased their price objective on Synchrony Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Evercore ISI lifted their target price on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.45.

Insider Transactions at Synchrony Financial

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

Synchrony Financial Trading Up 1.0 %

Shares of NYSE SYF opened at $69.47 on Wednesday. Synchrony Financial has a 12 month low of $36.85 and a 12 month high of $69.89. The business has a fifty day simple moving average of $66.34 and a 200-day simple moving average of $56.24. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 0.81 and a beta of 1.64. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. Synchrony Financial’s dividend payout ratio is 13.05%.

About Synchrony Financial

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.