B. Riley Wealth Advisors Inc. increased its holdings in Synchrony Financial (NYSE:SYF – Free Report) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,719 shares of the financial services provider’s stock after purchasing an additional 1,398 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Synchrony Financial were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Synchrony Financial by 31.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,768 shares of the financial services provider’s stock valued at $933,000 after buying an additional 4,732 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Synchrony Financial by 73.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,144 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 4,287 shares during the period. Blue Trust Inc. increased its position in Synchrony Financial by 134.4% during the 2nd quarter. Blue Trust Inc. now owns 2,004 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,149 shares during the period. Nisa Investment Advisors LLC raised its holdings in Synchrony Financial by 53.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 69,715 shares of the financial services provider’s stock worth $3,290,000 after purchasing an additional 24,375 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Synchrony Financial by 0.9% during the 2nd quarter. Fifth Third Bancorp now owns 38,601 shares of the financial services provider’s stock valued at $1,822,000 after purchasing an additional 354 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.
Synchrony Financial Price Performance
NYSE SYF opened at $63.59 on Thursday. Synchrony Financial has a one year low of $35.29 and a one year high of $69.39. The stock has a 50-day moving average of $62.11 and a 200 day moving average of $52.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $24.76 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.82 and a beta of 1.63.
Synchrony Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. Synchrony Financial’s dividend payout ratio is presently 13.05%.
Analyst Ratings Changes
A number of research firms recently issued reports on SYF. Keefe, Bruyette & Woods increased their price target on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays increased their target price on Synchrony Financial from $49.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Morgan Stanley lifted their price target on Synchrony Financial from $37.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, October 17th. BTIG Research lowered Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group boosted their target price on shares of Synchrony Financial from $64.00 to $72.50 and gave the company a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.53.
View Our Latest Analysis on Synchrony Financial
Insider Activity
In other news, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.99, for a total value of $2,220,253.37. Following the transaction, the insider now owns 127,587 shares in the company, valued at $8,291,879.13. This represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Curtis Howse sold 21,934 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 99,743 shares in the company, valued at approximately $5,498,831.59. The trade was 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.
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.
Further Reading
- Five stocks we like better than Synchrony Financial
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Novo Nordisk: A New Boost for GLP-1 Sales on the Horizon
- How to Invest in the Best Canadian Stocks
- Why Now Is the Ultimate Time to Invest in Oil Stocks
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Q4’s Most Upgraded Stocks: Promising Buys for 2025
Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYF – Free Report).
Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.