Synchrony Financial (NYSE:SYF) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in shares of Synchrony Financial (NYSE:SYF) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 177,550 shares of the financial services provider’s stock after selling 7,027 shares during the period. Natixis Advisors LLC’s holdings in Synchrony Financial were worth $11,541,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SYF. OneDigital Investment Advisors LLC increased its position in shares of Synchrony Financial by 17.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,431 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 817 shares during the period. Pathstone Holdings LLC increased its holdings in shares of Synchrony Financial by 1.3% in the third quarter. Pathstone Holdings LLC now owns 37,785 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 493 shares during the period. Caprock Group LLC raised its stake in shares of Synchrony Financial by 20.8% in the third quarter. Caprock Group LLC now owns 46,333 shares of the financial services provider’s stock worth $2,311,000 after purchasing an additional 7,985 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Synchrony Financial during the third quarter worth about $2,690,000. Finally, PNC Financial Services Group Inc. boosted its position in Synchrony Financial by 8.3% in the third quarter. PNC Financial Services Group Inc. now owns 57,950 shares of the financial services provider’s stock valued at $2,891,000 after buying an additional 4,417 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SYF. Keefe, Bruyette & Woods lifted their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Compass Point lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a report on Tuesday, January 28th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Bank of America upped their target price on Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, Truist Financial lifted their price target on Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.70.

Synchrony Financial Trading Up 2.7 %

Shares of Synchrony Financial stock opened at $54.46 on Thursday. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93. The firm’s 50-day moving average price is $62.85 and its 200 day moving average price is $60.22. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $21.17 billion, a PE ratio of 6.38, a P/E/G ratio of 0.71 and a beta of 1.67.

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

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

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.