Synchrony Financial (NYSE:SYF) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC cut its stake in Synchrony Financial (NYSE:SYF) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,914 shares of the financial services provider’s stock after selling 928 shares during the period. Kintegral Advisory LLC’s holdings in Synchrony Financial were worth $1,294,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC increased its holdings in shares of Synchrony Financial by 2.3% in the 4th quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 160 shares during the period. Gladstone Institutional Advisory LLC grew its position in Synchrony Financial by 1.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock worth $604,000 after purchasing an additional 176 shares during the last quarter. Graypoint LLC increased its stake in shares of Synchrony Financial by 4.0% in the third quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 181 shares during the period. Wedmont Private Capital raised its holdings in shares of Synchrony Financial by 2.6% during the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock valued at $491,000 after buying an additional 192 shares during the last quarter. Finally, Empirical Finance LLC boosted its position in shares of Synchrony Financial by 1.3% during the third quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock worth $773,000 after buying an additional 204 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Price Performance

NYSE SYF opened at $61.35 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 1 year low of $39.35 and a 1 year high of $70.93. The company has a market cap of $23.85 billion, a PE ratio of 7.18, a PEG ratio of 0.71 and a beta of 1.63. The stock’s 50-day moving average price is $66.56 and its two-hundred day moving average price is $59.17.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.63%. Synchrony Financial’s payout ratio is currently 11.71%.

Wall Street Analyst Weigh In

Several analysts recently commented on SYF shares. Bank of America raised their target price on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada raised their price target on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Truist Financial upped their price objective on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. The Goldman Sachs Group raised their target price on shares of Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, UBS Group boosted their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average price target of $69.30.

Synchrony Financial Company 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.