Whittier Trust Co. of Nevada Inc. Sells 626 Shares of Synchrony Financial (NYSE:SYF)

Whittier Trust Co. of Nevada Inc. decreased its holdings in Synchrony Financial (NYSE:SYF) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,316 shares of the financial services provider’s stock after selling 626 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Synchrony Financial were worth $2,036,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. HUB Investment Partners LLC purchased a new position in Synchrony Financial in the 4th quarter worth approximately $288,000. Harvest Fund Management Co. Ltd lifted its holdings in Synchrony Financial by 61.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 13,262 shares of the financial services provider’s stock worth $862,000 after purchasing an additional 5,055 shares in the last quarter. Vinva Investment Management Ltd lifted its holdings in Synchrony Financial by 10.8% in the 4th quarter. Vinva Investment Management Ltd now owns 79,243 shares of the financial services provider’s stock worth $5,155,000 after purchasing an additional 7,703 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Synchrony Financial in the 4th quarter worth approximately $227,000. Finally, Xponance Inc. lifted its holdings in Synchrony Financial by 3.5% in the 4th quarter. Xponance Inc. now owns 58,927 shares of the financial services provider’s stock worth $3,830,000 after purchasing an additional 1,975 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

NYSE SYF opened at $54.07 on Friday. The company has a market cap of $21.02 billion, a P/E ratio of 6.33, a P/E/G ratio of 0.71 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The business’s 50 day moving average price is $62.41 and its 200-day moving average price is $60.28. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Sell-side analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.85%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. The Goldman Sachs Group lowered their price target on Synchrony Financial from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Bank of America boosted their price target on Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Wells Fargo & Company raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Truist Financial lowered their price target on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a report on Friday. Finally, Compass Point cut Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.10.

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.