Eagle Bay Advisors LLC Sells 229 Shares of Synchrony Financial (NYSE:SYF)

Eagle Bay Advisors LLC lessened its position in Synchrony Financial (NYSE:SYF) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,829 shares of the financial services provider’s stock after selling 229 shares during the period. Eagle Bay Advisors LLC’s holdings in Synchrony Financial were worth $119,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SYF. Larson Financial Group LLC boosted its stake in Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of Synchrony Financial during the second quarter valued at $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Synchrony Financial during the second quarter valued at $39,000. Quarry LP increased its holdings in Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after buying an additional 675 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Synchrony Financial in the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial assumed coverage on shares of Synchrony Financial in a report on Tuesday, January 7th. They set a “hold” rating and a $72.00 price objective for the company. BTIG Research cut Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Evercore ISI increased their target price on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price target on Synchrony Financial from $55.00 to $62.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.45.

Insider Buying and Selling at Synchrony Financial

In related news, insider Curtis Howse sold 21,934 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This trade represents a 18.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the transaction, the insider now owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. This represents a 21.12 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Synchrony Financial Trading Up 1.7 %

Shares of SYF opened at $64.88 on Tuesday. The firm has a market cap of $25.26 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. Synchrony Financial has a 1 year low of $35.29 and a 1 year high of $69.39. The company has a 50 day simple moving average of $65.92 and a two-hundred day simple moving average of $55.52.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.17. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company posted $1.48 earnings per share. Synchrony Financial’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts expect that Synchrony Financial will post 6.51 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Monday, November 4th. Synchrony Financial’s payout ratio is presently 13.05%.

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.