Synchrony Financial (NYSE:SYF) Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its stake in shares of Synchrony Financial (NYSE:SYF) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 218,413 shares of the financial services provider’s stock after purchasing an additional 18,290 shares during the quarter. Mediolanum International Funds Ltd owned 0.06% of Synchrony Financial worth $14,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SYF. Graypoint LLC lifted its holdings in Synchrony Financial by 4.0% in the 3rd quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock worth $233,000 after buying an additional 181 shares in the last quarter. Wedmont Private Capital lifted its stake in shares of Synchrony Financial by 2.6% in the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 192 shares in the last quarter. Empirical Finance LLC boosted its holdings in Synchrony Financial by 1.3% in the third quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 204 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Synchrony Financial by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider’s stock valued at $1,314,000 after purchasing an additional 213 shares in the last quarter. Finally, CX Institutional increased its holdings in Synchrony Financial by 4.0% during the 4th quarter. CX Institutional now owns 5,755 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Activity

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

Synchrony Financial Stock Down 0.8 %

SYF opened at $68.90 on Friday. The stock’s 50 day moving average price is $67.10 and its 200 day moving average price is $57.30. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.25. The stock has a market cap of $26.82 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.80 and a beta of 1.64. Synchrony Financial has a 12 month low of $37.91 and a 12 month high of $70.93.

Synchrony Financial (NYSE:SYF) last issued 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, research analysts predict that Synchrony Financial will post 6.73 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.25 dividend. 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%.

Analyst Upgrades and Downgrades

SYF has been the subject of a number of recent analyst reports. Bank of America raised their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Compass Point cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Tuesday. Truist Financial boosted their price objective on Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a report on Thursday. Finally, Morgan Stanley raised Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $82.00 in a report on Thursday, December 19th. Seven equities 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

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.