Private Advisor Group LLC Sells 730 Shares of Synchrony Financial (NYSE:SYF)

Private Advisor Group LLC lowered its holdings in Synchrony Financial (NYSE:SYF) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,794 shares of the financial services provider’s stock after selling 730 shares during the quarter. Private Advisor Group LLC’s holdings in Synchrony Financial were worth $312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bogart Wealth LLC acquired a new position in Synchrony Financial in the fourth quarter valued at about $26,000. Y.D. More Investments Ltd lifted its position in shares of Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 253 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 292 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 486 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 675 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $55.81 on Thursday. The stock has a market cap of $21.70 billion, a P/E ratio of 6.54, a P/E/G ratio of 0.71 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The company has a fifty day moving average price of $65.39 and a two-hundred day moving average price of $59.88. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating 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%. As a group, equities analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is presently 11.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SYF shares. Truist Financial upped their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Compass Point lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Tuesday, January 28th. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd. UBS Group increased their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada increased their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

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.