Thrivent Financial for Lutherans Sells 244 Shares of Synchrony Financial (NYSE:SYF)

Thrivent Financial for Lutherans decreased its stake in shares of Synchrony Financial (NYSE:SYF) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 15,994 shares of the financial services provider’s stock after selling 244 shares during the period. Thrivent Financial for Lutherans’ holdings in Synchrony Financial were worth $1,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial in the 4th quarter valued at about $26,000. TCTC Holdings LLC bought a new stake in Synchrony Financial in the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd raised its stake in Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after buying an additional 253 shares during the period. Raleigh Capital Management Inc. lifted its position in shares of Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after buying an additional 486 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Synchrony Financial by 46.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 257 shares during the period. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Trading Up 0.5 %

Shares of NYSE SYF opened at $53.22 on Wednesday. The stock has a market cap of $20.69 billion, a P/E ratio of 6.23, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. The firm has a 50 day moving average price of $60.53 and a two-hundred day moving average price of $60.71. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF) last released 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 return on equity of 18.30% and a net margin of 15.36%. As a group, equities analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Compass Point cut Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Tuesday, January 28th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Royal Bank of Canada lifted their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Truist Financial lowered their price target on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.10.

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.