GDS Wealth Management Trims Stock Position in Synchrony Financial (NYSE:SYF)

GDS Wealth Management lowered its stake in Synchrony Financial (NYSE:SYF) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,660 shares of the financial services provider’s stock after selling 645 shares during the quarter. GDS Wealth Management’s holdings in Synchrony Financial were worth $2,188,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Southpoint Capital Advisors LP lifted its holdings in Synchrony Financial by 37.9% during the 3rd quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock worth $229,448,000 after buying an additional 1,265,000 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Synchrony Financial by 3.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider’s stock worth $221,830,000 after acquiring an additional 157,948 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Synchrony Financial by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock worth $200,756,000 after buying an additional 481,750 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Synchrony Financial by 1.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,199,554 shares of the financial services provider’s stock worth $109,714,000 after buying an additional 37,484 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Synchrony Financial by 8.4% in the third quarter. Victory Capital Management Inc. now owns 2,061,979 shares of the financial services provider’s stock worth $102,852,000 after buying an additional 158,960 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 34,163 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 127,587 shares in the company, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

SYF has been the subject of a number of analyst reports. TD Cowen boosted their price target on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Truist Financial boosted their target price on Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. StockNews.com raised Synchrony Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. UBS Group upped their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with 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 company has a consensus rating of “Moderate Buy” and an average price target of $69.30.

Synchrony Financial Trading Down 2.1 %

Synchrony Financial stock opened at $67.52 on Tuesday. The firm has a 50-day moving average of $67.16 and a 200-day moving average of $57.51. Synchrony Financial has a one year low of $38.03 and a one year high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.25. The company has a market cap of $26.29 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 0.76 and a beta of 1.63.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, equities analysts expect that Synchrony Financial will post 7.08 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. Synchrony Financial’s dividend payout ratio is 11.71%.

Synchrony Financial Company 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.