Global Retirement Partners LLC Sells 232 Shares of Synchrony Financial (NYSE:SYF)

Global Retirement Partners LLC cut its holdings in shares of Synchrony Financial (NYSE:SYF) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,931 shares of the financial services provider’s stock after selling 232 shares during the period. Global Retirement Partners LLC’s holdings in Synchrony Financial were worth $191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Southpoint Capital Advisors LP lifted its position in shares of Synchrony Financial by 37.9% in the 3rd quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock worth $229,448,000 after purchasing an additional 1,265,000 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Synchrony Financial by 3.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider’s stock worth $221,830,000 after buying an additional 157,948 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Synchrony Financial by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock worth $200,756,000 after buying an additional 481,750 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Synchrony Financial by 1.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,199,554 shares of the financial services provider’s stock valued at $109,714,000 after acquiring an additional 37,484 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Synchrony Financial by 8.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,061,979 shares of the financial services provider’s stock worth $102,852,000 after acquiring an additional 158,960 shares during the period. Institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SYF. Royal Bank of Canada raised their target price 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. Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $59.00 to $79.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $59.00 to $72.00 in a report on Monday, December 9th. Keefe, Bruyette & Woods increased their price target on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Truist Financial boosted their price objective on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Seven research 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 stock. Based on data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.30.

Synchrony Financial Stock Down 2.0 %

SYF stock opened at $59.39 on Wednesday. The stock has a market capitalization of $23.09 billion, a P/E ratio of 6.95, 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. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The business has a fifty day moving average price of $66.24 and a 200-day moving average price of $59.47.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.68%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend 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.