Kwmg LLC Lowers Stock Holdings in Synchrony Financial (NYSE:SYF)

Kwmg LLC lowered its stake in shares of Synchrony Financial (NYSE:SYF) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,662 shares of the financial services provider’s stock after selling 16,985 shares during the period. Kwmg LLC’s holdings in Synchrony Financial were worth $7,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in SYF. National Pension Service lifted its position in Synchrony Financial by 22.7% during the third quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock worth $47,773,000 after buying an additional 177,051 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $951,000. Ensign Peak Advisors Inc raised its position in shares of Synchrony Financial by 9.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 443,251 shares of the financial services provider’s stock valued at $20,917,000 after buying an additional 36,865 shares during the period. National Bank of Canada FI lifted its holdings in Synchrony Financial by 119.0% in the third quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock valued at $12,123,000 after acquiring an additional 132,047 shares during the last quarter. Finally, Brophy Wealth Management LLC purchased a new position in Synchrony Financial in the third quarter worth approximately $544,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insider Activity at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the completion of the sale, 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 the SEC website. Also, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the sale, the insider now directly owns 99,743 shares of the company’s stock, valued at $5,498,831.59. The trade was a 18.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Synchrony Financial Stock Up 1.7 %

Synchrony Financial stock traded up $1.11 during midday trading on Monday, reaching $64.88. The company’s stock had a trading volume of 1,621,404 shares, compared to its average volume of 2,390,192. The company has a market cap of $25.26 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.82 and a beta of 1.64. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. The business has a 50-day simple moving average of $65.72 and a 200-day simple moving average of $55.38. Synchrony Financial has a fifty-two week low of $35.29 and a fifty-two week high of $69.39.

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, topping the consensus estimate of $1.77 by $0.17. The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 earnings per share. On average, research analysts expect that Synchrony Financial will post 6.51 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.00 annualized dividend and a yield of 1.54%. Synchrony Financial’s dividend payout ratio is currently 13.05%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Synchrony Financial from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their target price for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Royal Bank of Canada lifted their price target on shares of Synchrony Financial from $55.00 to $62.00 and gave the company a “sector perform” rating in a research report on Thursday, October 17th. Truist Financial initiated coverage on shares of Synchrony Financial in a report on Tuesday, January 7th. They issued a “hold” rating and a $72.00 price objective on the stock. Finally, Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $40.00 to $82.00 in a report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.45.

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.