Synchrony Financial $SYF Shares Sold by World Investment Advisors

World Investment Advisors lessened its holdings in shares of Synchrony Financial (NYSE:SYF) by 21.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,198 shares of the financial services provider’s stock after selling 6,864 shares during the period. World Investment Advisors’ holdings in Synchrony Financial were worth $1,790,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Global X Japan Co. Ltd. increased its position in Synchrony Financial by 5,530.7% during the 3rd quarter. Global X Japan Co. Ltd. now owns 5,687 shares of the financial services provider’s stock valued at $404,000 after buying an additional 5,586 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of Synchrony Financial by 0.4% during the third quarter. DAVENPORT & Co LLC now owns 191,890 shares of the financial services provider’s stock worth $13,634,000 after acquiring an additional 701 shares during the last quarter. Monument Capital Management purchased a new stake in shares of Synchrony Financial during the third quarter worth about $2,735,000. Farther Finance Advisors LLC increased its holdings in shares of Synchrony Financial by 95.9% during the third quarter. Farther Finance Advisors LLC now owns 4,277 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 2,094 shares in the last quarter. Finally, HBK Sorce Advisory LLC acquired a new position in shares of Synchrony Financial during the third quarter valued at about $336,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SYF. BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of Synchrony Financial in a research note on Thursday, October 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $75.00 price target (down previously from $80.00) on shares of Synchrony Financial in a report on Tuesday, October 7th. Morgan Stanley boosted their price objective on shares of Synchrony Financial from $72.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Truist Financial upped their target price on Synchrony Financial from $78.00 to $92.00 and gave the company a “hold” rating in a research report on Monday, December 22nd. Finally, Hsbc Global Res upgraded Synchrony Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.33.

Synchrony Financial Trading Down 0.1%

Shares of Synchrony Financial stock opened at $86.00 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a fifty day moving average price of $77.57 and a 200 day moving average price of $73.18. Synchrony Financial has a 1 year low of $40.54 and a 1 year high of $86.48. The stock has a market cap of $30.97 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.60 and a beta of 1.46.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.22 by $0.64. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.79 billion. Synchrony Financial had a net margin of 15.84% and a return on equity of 22.96%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 earnings per share. Equities research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Wednesday, November 5th were paid a $0.30 dividend. The ex-dividend date was Wednesday, November 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. Synchrony Financial’s dividend payout ratio is presently 13.10%.

Synchrony Financial announced that its board has approved a stock buyback plan on Wednesday, October 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 3.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Synchrony Financial news, insider Jonathan S. Mothner sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $72.80, for a total value of $2,329,600.00. Following the sale, the insider owned 127,100 shares in the company, valued at approximately $9,252,880. This represents a 20.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Darrell Owens sold 2,989 shares of Synchrony Financial stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $74.02, for a total transaction of $221,245.78. Following the transaction, the insider directly owned 16,096 shares of the company’s stock, valued at approximately $1,191,425.92. This trade represents a 15.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 55,075 shares of company stock valued at $4,036,892 in the last three months. 0.32% of the stock is currently owned by insiders.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.