Synchrony Financial (NYSE:SYF) Shares Purchased by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC raised its stake in Synchrony Financial (NYSE:SYF) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,404 shares of the financial services provider’s stock after acquiring an additional 461 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Synchrony Financial were worth $351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in Synchrony Financial by 14.6% in the 2nd quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider’s stock valued at $264,917,000 after purchasing an additional 727,649 shares in the last quarter. Southpoint Capital Advisors LP boosted its position in Synchrony Financial by 37.9% during the third quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock worth $229,448,000 after acquiring an additional 1,265,000 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Synchrony Financial by 3.7% during the third 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 grew its stake in Synchrony Financial by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock worth $200,756,000 after acquiring an additional 481,750 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Synchrony Financial by 1.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,199,554 shares of the financial services provider’s stock valued at $109,714,000 after acquiring an additional 37,484 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Price Performance

Shares of SYF stock opened at $68.73 on Friday. Synchrony Financial has a twelve month low of $35.29 and a twelve month high of $69.39. The company has a market capitalization of $26.76 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.64. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. The firm has a fifty day simple moving average of $66.27 and a 200-day simple moving average of $55.97.

Synchrony Financial (NYSE:SYF) last announced 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 return on equity of 16.64% and a net margin of 13.98%. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm earned $1.48 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Equities research analysts anticipate that Synchrony Financial will post 6.53 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.46%. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.05%.

Analyst Upgrades and Downgrades

SYF has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 price objective on shares of Synchrony Financial in a research report on Monday, October 14th. Truist Financial initiated coverage on shares of Synchrony Financial in a research note on Tuesday, January 7th. They set a “hold” rating and a $72.00 price objective for the company. Jefferies Financial Group boosted their target price on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. StockNews.com raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their price objective on shares of Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.45.

Insiders Place Their Bets

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 99,743 shares of the company’s stock, valued at $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 available at the SEC website. Also, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was 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 directly owns 127,587 shares of the company’s stock, valued at $8,291,879.13. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

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.