Wilmington Savings Fund Society FSB Sells 500 Shares of Synchrony Financial (NYSE:SYF)

Wilmington Savings Fund Society FSB trimmed its holdings in Synchrony Financial (NYSE:SYF) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,854 shares of the financial services provider’s stock after selling 500 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Synchrony Financial were worth $251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. National Pension Service raised its holdings in Synchrony Financial by 22.7% during the 3rd quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock valued at $47,773,000 after buying an additional 177,051 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in Synchrony Financial in the fourth quarter worth $452,000. National Bank of Canada FI grew its position in shares of Synchrony Financial by 119.0% during the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock worth $12,123,000 after buying an additional 132,047 shares in the last quarter. Brophy Wealth Management LLC bought a new position in shares of Synchrony Financial during the 3rd quarter worth $544,000. Finally, Principal Financial Group Inc. boosted its position in Synchrony Financial by 2.2% during the third quarter. Principal Financial Group Inc. now owns 487,720 shares of the financial services provider’s stock valued at $24,327,000 after purchasing an additional 10,294 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $63.98 on Thursday. The business’s fifty day moving average price is $67.10 and its two-hundred day moving average price is $58.31. The stock has a market cap of $24.91 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.24. Synchrony Financial has a one year low of $38.25 and a one year high of $70.93.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. On average, analysts forecast that Synchrony Financial will post 7.45 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, 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 transaction, the insider now owns 127,587 shares in the company, valued at $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SYF. Jefferies Financial Group increased their price target on Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. The Goldman Sachs Group increased their price target on Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased 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. Finally, Royal Bank of Canada increased their price target on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

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.