Synchrony Financial (NYSE:SYF) Shares Sold by HST Ventures LLC

HST Ventures LLC lessened its holdings in shares of Synchrony Financial (NYSE:SYFFree Report) by 12.1% during the 4th quarter, Holdings Channel reports. The firm owned 164,969 shares of the financial services provider’s stock after selling 22,732 shares during the period. Synchrony Financial makes up about 2.2% of HST Ventures LLC’s holdings, making the stock its 17th biggest position. HST Ventures LLC’s holdings in Synchrony Financial were worth $6,300,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SYF. First Trust Advisors LP lifted its position in shares of Synchrony Financial by 853.5% during the first quarter. First Trust Advisors LP now owns 6,218,641 shares of the financial services provider’s stock worth $216,471,000 after purchasing an additional 5,566,481 shares in the last quarter. Norges Bank acquired a new stake in Synchrony Financial in the fourth quarter valued at approximately $182,739,000. Boston Partners raised its holdings in Synchrony Financial by 158.9% in the third quarter. Boston Partners now owns 3,095,762 shares of the financial services provider’s stock valued at $94,609,000 after acquiring an additional 1,900,216 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Synchrony Financial in the first quarter valued at approximately $61,172,000. Finally, Hsbc Holdings PLC raised its holdings in Synchrony Financial by 112.9% in the second quarter. Hsbc Holdings PLC now owns 3,187,865 shares of the financial services provider’s stock valued at $108,151,000 after acquiring an additional 1,690,212 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Synchrony Financial Stock Performance

NYSE:SYF traded down $1.47 during midday trading on Friday, reaching $41.79. The stock had a trading volume of 8,685,362 shares, compared to its average volume of 4,586,082. The firm has a fifty day simple moving average of $39.49 and a two-hundred day simple moving average of $34.64. Synchrony Financial has a 12-month low of $26.59 and a 12-month high of $43.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.21. The stock has a market cap of $17.00 billion, a P/E ratio of 8.07, a P/E/G ratio of 1.02 and a beta of 1.61.

Synchrony Financial (NYSE:SYFGet Free Report) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.10. Synchrony Financial had a return on equity of 17.37% and a net margin of 10.68%. The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter last year, the company earned $1.26 earnings per share. On average, equities analysts expect that Synchrony Financial will post 5.72 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Friday, February 2nd. Synchrony Financial’s dividend payout ratio (DPR) is presently 19.31%.

Insider Activity at Synchrony Financial

In related news, insider David P. Melito sold 7,283 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $38.99, for a total value of $283,964.17. Following the completion of the transaction, the insider now owns 14,183 shares of the company’s stock, valued at approximately $552,995.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Synchrony Financial news, insider David P. Melito sold 7,283 shares of Synchrony Financial stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $38.99, for a total value of $283,964.17. Following the completion of the sale, the insider now owns 14,183 shares in the company, valued at approximately $552,995.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian D. Doubles sold 134,696 shares of Synchrony Financial stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $41.26, for a total value of $5,557,556.96. Following the completion of the sale, the insider now owns 660,353 shares of the company’s stock, valued at approximately $27,246,164.78. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SYF has been the topic of several analyst reports. Piper Sandler raised their target price on shares of Synchrony Financial from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of Synchrony Financial in a research note on Wednesday, January 10th. They issued a “buy” rating and a $56.00 price target on the stock. Morgan Stanley reiterated an “underweight” rating and issued a $30.00 price target on shares of Synchrony Financial in a research note on Thursday, February 8th. The Goldman Sachs Group increased their price target on shares of Synchrony Financial from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, December 18th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Synchrony Financial in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.17.

Check Out Our Latest Research Report on Synchrony Financial

Synchrony Financial Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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