Synchrony Financial (NYSE:SYF) shares sold by Stephens Inc. AR

Stephens Inc. AR cut its holdings in Synchrony Financial (New York Stock Exchange:SYFget rating) by 24.5% in the first quarter, according to its most recent disclosure to the SEC. The fund owned 12,745 shares of the financial services provider after selling 4,143 shares during the period. Stephens Inc. AR’s holdings in Synchrony Financial were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. increased its holding in shares of Synchrony Financial by 68.6% in the first quarter. Victory Capital Management Inc. now owns 2,134,059 shares of the financial services provider valued at $77,684,000 after buying an additional 868,254 shares last quarter. Thoroughbred Financial Services LLC purchased a new share of Synchrony Financial stock in the first quarter valued at about $302,000. Banque Pictet & Cie SA increased its stake in Synchrony Financial shares by 29.1% in the first quarter. Banque Pictet & Cie SA now owns 64,285 shares of the financial services provider valued at $2,238,000 after buying an additional 14,497 shares last quarter. Sandy Spring Bank increased its holdings in Synchrony Financial shares by 26.1% in the first quarter. Sandy Spring Bank now owns 1,450 shares of the financial services provider valued at $50,000 after buying an additional 300 shares last quarter. Finally, Metis Global Partners LLC increased its holding in shares of Synchrony Financial by 32.1% in the first quarter. Metis Global Partners LLC now owns 15,909 shares of the financial services provider valued at $554,000 after buying an additional 3,866 shares last quarter. 98.26% of the shares are owned by hedge funds and other institutional investors.

Synchrony Financial shares rise 3.6%

Actions of SYF opened at $34.00 on Thursday. The company has a market capitalization of $16.38 billion, a PE ratio of 4.96, a price/earnings growth ratio of 0.26, and a beta of 1.57. The company’s fifty day moving average is $31.72 and its two hundred day moving average is $36.46. Synchrony Financial has a fifty-two week minimum of $27.22 and a fifty-two week maximum of $52.49. The company has a quick ratio of 1.21, a current ratio of 1.21, and a debt-to-equity ratio of 0.96.

Financial Synchronization (New York Stock Exchange:SYFget rating) last announced its quarterly earnings results on Monday, July 18. The financial services provider reported earnings per share of $1.60 in the quarter, beating analyst consensus estimates of $1.47 by $0.13. Synchrony Financial had a net margin of 22.76% and a return on equity of 27.06%. During the same period last year, the company posted $2.12 EPS. Analysts forecast that Synchrony Financial will post 5.64 earnings per share for the current year.

Synchrony Financial stated that its Board of Directors approved a share repurchase plan on Monday, April 18 that allows the company to repurchase $2.8 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 13.6% of its shares through open market purchases. Stock repurchase plans are often an indication that company management believes its stock is undervalued.

Synchrony Financial increases dividend

The company also recently declared a quarterly dividend, to be paid on Thursday, August 11. Shareholders of record on Monday, August 1 will receive a dividend of $0.23. This represents a dividend of $0.92 on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, July 29. This is a positive change from Synchrony Financial’s previous quarterly dividend of $0.22. Synchrony Financial’s Dividend Payout Ratio (DPR) is 13.43%.

Changes in analyst ratings

Several research firms recently issued reports on SYF. TheStreet cut Synchrony Financial’s shares from a “b-” rating to a “c+” rating in a report on Tuesday, July 19. Morgan Stanley cut Synchrony Financial’s share price target from $40.00 to $31.00 and set an “equal weight” rating on the company in a report Tuesday, July 12. Goldman Sachs Group raised its price target on Synchrony Financial shares from $40.00 to $45.00 and gave the stock a “buy” rating in a report Tuesday, April 19. Wells Fargo & Company cut shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and lowered its price target on the stock from $45.00 to $32.00 in a report on Wednesday, July 13. Finally, upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a report on Monday, July 25. One research analyst rated the shares a sell rating, four issued a hold rating and twelve issued a buy rating on the company’s shares. According to MarketBeat, Synchrony Financial currently has a “Moderate Buy” consensus rating and an average price target of $45.76.

Synchrony Finance Company Profile

(get rating)

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. Offers credit products, such as credit cards, business credit products, and consumer installment loans. The company also offers private-label credit cards, dual cards, co-branded 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 for retail and business customers, as well as accept deposits through third-party securities brokerage firms.

See also

Want to see what other hedge funds have SYF? Visit for the latest 13F filings and insider trading for Synchrony Financial (New York Stock Exchange:SYFget rating).

Synchrony Financial (NYSE:SYF) Quarterly Institutional Ownership

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