Synchrony Financial (NYSE:SYF) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in shares of Synchrony Financial (NYSE:SYF) by 90.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,481 shares of the financial services provider’s stock after selling 14,370 shares during the quarter. Quantbot Technologies LP’s holdings in Synchrony Financial were worth $96,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Bogart Wealth LLC purchased a new stake in shares of Synchrony Financial during the 4th quarter valued at $26,000. TCTC Holdings LLC acquired a new position in Synchrony Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd grew its position in 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 valued at $31,000 after acquiring an additional 253 shares during the period. Quarry LP increased its stake in 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 acquiring an additional 675 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Synchrony Financial by 151.4% in the 4th 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 during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SYF shares. Truist Financial decreased their target price on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a report on Friday, March 21st. Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. The Goldman Sachs Group cut their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Bank of America increased their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.10.

Synchrony Financial Stock Up 0.9 %

Shares of NYSE:SYF opened at $52.92 on Tuesday. The firm has a market cap of $20.57 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The company has a fifty day simple moving average of $60.86 and a 200 day simple moving average of $60.66. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, equities research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.89%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s payout ratio is currently 11.71%.

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.