Marshall Financial Group LLC purchased a new position in Synchrony Financial (NYSE:SYF – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,309 shares of the financial services provider’s stock, valued at approximately $944,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. boosted its holdings in Synchrony Financial by 100.0% in the third quarter. Westside Investment Management Inc. now owns 358 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 179 shares in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of Synchrony Financial in the 2nd quarter worth about $26,000. FWL Investment Management LLC purchased a new stake in Synchrony Financial during the 3rd quarter valued at about $26,000. Salomon & Ludwin LLC increased its stake in Synchrony Financial by 54.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 412 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 146 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new position in Synchrony Financial in the third quarter worth about $29,000. Institutional investors own 96.48% of the company’s stock.
Synchrony Financial Stock Up 0.6%
Shares of Synchrony Financial stock opened at $65.90 on Monday. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $88.77. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.98. The company’s 50 day moving average is $71.92 and its 200 day moving average is $75.21. The company has a market cap of $22.91 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 0.58 and a beta of 1.42.
Synchrony Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, February 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Synchrony Financial’s payout ratio is presently 12.92%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on SYF shares. Truist Financial cut their price target on shares of Synchrony Financial from $92.00 to $84.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Compass Point upgraded shares of Synchrony Financial from a “neutral” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Wednesday, January 28th. Wall Street Zen downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Royal Bank Of Canada reduced their target price on Synchrony Financial from $91.00 to $85.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods boosted their price target on Synchrony Financial from $95.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.11.
Get Our Latest Research Report on Synchrony Financial
Insider Activity at Synchrony Financial
In related news, insider Curtis Howse sold 7,882 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $67.71, for a total transaction of $533,690.22. Following the completion of the sale, the insider owned 94,873 shares in the company, valued at approximately $6,423,850.83. This represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darrell Owens sold 3,865 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $67.71, for a total value of $261,699.15. Following the completion of the transaction, the insider directly owned 17,432 shares in the company, valued at approximately $1,180,320.72. This represents a 18.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 379,928 shares of company stock valued at $26,170,764 in the last 90 days. 0.33% of the stock is owned by company insiders.
About Synchrony Financial
Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.
Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.
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