Edmond DE Rothschild Holding S.A. Sells 1,586 Shares of Synchrony Financial (NYSE:SYF)

Edmond DE Rothschild Holding S.A. cut its stake in Synchrony Financial (NYSE:SYF) by 27.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,122 shares of the financial services provider’s stock after selling 1,586 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Synchrony Financial were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new stake in Synchrony Financial during the fourth quarter worth about $452,000. National Bank of Canada FI lifted its holdings in shares of Synchrony Financial by 119.0% during the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock worth $12,123,000 after acquiring an additional 132,047 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Synchrony Financial by 7.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock worth $11,787,000 after acquiring an additional 12,492 shares in the last quarter. Brophy Wealth Management LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $544,000. Finally, Summit Trail Advisors LLC bought a new position in Synchrony Financial in the fourth quarter valued at approximately $423,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Stock Performance

Shares of SYF opened at $55.11 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm’s fifty day simple moving average is $60.22 and its two-hundred day simple moving average is $60.67. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The stock has a market capitalization of $21.42 billion, a P/E ratio of 6.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS 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%. As a group, analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is 11.71%.

Wall Street Analyst Weigh In

SYF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. UBS Group raised their price objective on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. StockNews.com downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Finally, Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.10.

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.