United Asset Strategies Inc. Has $8.79 Million Holdings in Synchrony Financial (NYSE:SYF)

United Asset Strategies Inc. decreased its position in shares of Synchrony Financial (NYSE:SYF) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 135,156 shares of the financial services provider’s stock after selling 2,667 shares during the period. United Asset Strategies Inc.’s holdings in Synchrony Financial were worth $8,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Synchrony Financial by 23.7% during the 4th quarter. Blue Trust Inc. now owns 4,570 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 875 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at $200,000. CX Institutional raised its holdings in shares of Synchrony Financial by 4.0% in the fourth quarter. CX Institutional now owns 5,755 shares of the financial services provider’s stock valued at $374,000 after buying an additional 222 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in Synchrony Financial by 32.5% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 33,619 shares of the financial services provider’s stock worth $2,187,000 after buying an additional 8,251 shares in the last quarter. Finally, FCG Investment Co grew its holdings in Synchrony Financial by 4.9% during the 4th quarter. FCG Investment Co now owns 22,158 shares of the financial services provider’s stock worth $1,440,000 after acquiring an additional 1,039 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Insider Activity

In other news, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Curtis Howse sold 21,934 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the transaction, the insider now owns 99,743 shares in the company, valued at approximately $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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. The Goldman Sachs Group increased their price objective on Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Compass Point boosted their target price on Synchrony Financial from $60.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird set a $62.00 price target on Synchrony Financial in a report on Thursday, October 17th. Finally, TD Cowen upped their target price on shares of Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.30.

Synchrony Financial Stock Performance

Shares of SYF opened at $70.52 on Monday. The stock has a market capitalization of $27.46 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 0.83 and a beta of 1.64. Synchrony Financial has a 12 month low of $37.74 and a 12 month high of $70.93. The firm has a fifty day simple moving average of $66.75 and a 200 day simple moving average of $56.81. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06.

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 is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. Synchrony Financial’s dividend payout ratio is 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.