Synchrony Financial (NYSE:SYF) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in Synchrony Financial (NYSE:SYF) by 49.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,042 shares of the financial services provider’s stock after selling 47,550 shares during the period. SG Americas Securities LLC’s holdings in Synchrony Financial were worth $1,835,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. increased its holdings in Synchrony Financial by 0.5% in the 2nd quarter. BlackRock Inc. now owns 41,325,067 shares of the financial services provider’s stock worth $1,401,746,000 after acquiring an additional 209,520 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Synchrony Financial by 6.3% during the first quarter. Goldman Sachs Group Inc. now owns 8,123,671 shares of the financial services provider’s stock worth $282,786,000 after purchasing an additional 484,220 shares in the last quarter. First Trust Advisors LP raised its position in shares of Synchrony Financial by 14.9% during the 1st quarter. First Trust Advisors LP now owns 6,791,030 shares of the financial services provider’s stock worth $197,483,000 after purchasing an additional 879,797 shares during the last quarter. Invesco Ltd. lifted its stake in Synchrony Financial by 16.0% in the 3rd quarter. Invesco Ltd. now owns 5,468,996 shares of the financial services provider’s stock valued at $167,187,000 after buying an additional 755,856 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Synchrony Financial by 3.7% in the 3rd quarter. Northern Trust Corp now owns 4,973,509 shares of the financial services provider’s stock worth $152,040,000 after buying an additional 178,344 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Synchrony Financial

In related news, insider Brian D. Doubles sold 134,696 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $41.26, for a total value of $5,557,556.96. Following the sale, the insider now owns 660,353 shares in the company, valued at approximately $27,246,164.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Curtis Howse sold 6,179 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $42.82, for a total value of $264,584.78. Following the sale, the insider now owns 152,604 shares in the company, valued at approximately $6,534,503.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian D. Doubles sold 134,696 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $41.26, for a total value of $5,557,556.96. Following the transaction, the insider now directly owns 660,353 shares of the company’s stock, valued at $27,246,164.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,158 shares of company stock worth $6,106,106. 0.65% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Synchrony Financial in a research report on Wednesday, January 10th. They issued a “buy” rating and a $56.00 target price on the stock. JMP Securities increased their target price on shares of Synchrony Financial from $35.00 to $42.00 and gave the company a “market outperform” rating in a research report on Friday, January 12th. Stephens upped their price objective on shares of Synchrony Financial from $40.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. BMO Capital Markets lowered shares of Synchrony Financial from an “outperform” rating to a “market perform” rating and set a $40.00 target price on the stock. in a research note on Wednesday, January 10th. Finally, Piper Sandler boosted their target price on Synchrony Financial from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $38.75.

Synchrony Financial Trading Up 1.7 %

Shares of SYF stock opened at $42.28 on Thursday. Synchrony Financial has a 1-year low of $26.59 and a 1-year high of $43.83. The firm has a market cap of $17.20 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.00 and a beta of 1.61. The company has a 50-day moving average of $40.10 and a two-hundred day moving average of $35.17. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.22 and a quick ratio of 1.22.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. Synchrony Financial had a net margin of 10.68% and a return on equity of 17.37%. The firm had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter last year, the company posted $1.26 EPS. On average, analysts predict that Synchrony Financial will post 5.7 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were issued a $0.25 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. Synchrony Financial’s dividend payout ratio is presently 19.31%.

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.