Certuity LLC Acquires 938 Shares of Synchrony Financial (NYSE:SYF)

Certuity LLC boosted its holdings in Synchrony Financial (NYSE:SYF) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,998 shares of the financial services provider’s stock after acquiring an additional 938 shares during the quarter. Certuity LLC’s holdings in Synchrony Financial were worth $2,080,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Y.D. More Investments Ltd increased its stake in Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. Quarry LP lifted its position in shares of Synchrony Financial by 301.3% during the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after buying an additional 675 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Synchrony Financial in the 3rd quarter worth approximately $50,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 486 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the transaction, the insider now directly owns 127,587 shares in the company, valued at approximately $8,291,879.13. This represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

Synchrony Financial Trading Down 0.4 %

Synchrony Financial stock opened at $65.28 on Wednesday. The stock has a market cap of $25.42 billion, a P/E ratio of 7.64, a PEG ratio of 0.72 and a beta of 1.63. Synchrony Financial has a fifty-two week low of $38.25 and a fifty-two week high of $70.93. The firm’s fifty day moving average price is $67.14 and its 200-day moving average price is $58.21. 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 (NYSE:SYF) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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%. Equities research analysts forecast that Synchrony Financial will post 7.45 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. Synchrony Financial’s dividend payout ratio is presently 11.71%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SYF. JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Bank of America increased their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group lifted their price objective 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. Robert W. Baird set a $62.00 target price on shares of Synchrony Financial in a research note on Thursday, October 17th. Finally, TD Cowen lifted their price target on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.