Synchrony Financial (NYSE:SYF) Shares Bought by Caprock Group LLC

Caprock Group LLC lifted its holdings in shares of Synchrony Financial (NYSE:SYF) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,274 shares of the financial services provider’s stock after buying an additional 7,941 shares during the period. Caprock Group LLC’s holdings in Synchrony Financial were worth $3,528,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new position in Synchrony Financial during the 2nd quarter worth $444,000. Northwestern Mutual Wealth Management Co. raised its holdings in Synchrony Financial by 3.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,899 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 346 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Synchrony Financial by 21.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 13,321 shares of the financial services provider’s stock worth $629,000 after purchasing an additional 2,349 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Synchrony Financial in the second quarter valued at about $4,877,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Synchrony Financial in the 2nd quarter valued at approximately $86,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 34,163 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the completion of the transaction, the insider now owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. This represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SYF shares. StockNews.com raised Synchrony Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their target price for the company from $59.00 to $72.00 in a report on Monday, December 9th. Truist Financial upped their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday. UBS Group raised their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company raised shares of 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 report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.30.

Synchrony Financial Stock Down 0.8 %

Shares of NYSE SYF opened at $68.90 on Friday. The firm has a market cap of $26.82 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 0.80 and a beta of 1.64. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.24. Synchrony Financial has a 1 year low of $37.91 and a 1 year high of $70.93. The firm’s 50 day moving average price is $67.10 and its 200 day moving average price is $57.30.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Synchrony Financial will post 6.73 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Synchrony Financial 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.