Synchrony Financial (NYSE:SYF) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Synchrony Financial (NYSE:SYF) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,731 shares of the financial services provider’s stock after selling 3,804 shares during the quarter. Wellington Management Group LLP’s holdings in Synchrony Financial were worth $3,168,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Stifel Financial Corp boosted its position in Synchrony Financial by 22.8% during the 3rd quarter. Stifel Financial Corp now owns 109,841 shares of the financial services provider’s stock valued at $5,479,000 after purchasing an additional 20,410 shares during the period. EP Wealth Advisors LLC bought a new stake in Synchrony Financial in the third quarter valued at $237,000. MML Investors Services LLC boosted its holdings in shares of Synchrony Financial by 9.5% during the third quarter. MML Investors Services LLC now owns 27,582 shares of the financial services provider’s stock valued at $1,376,000 after acquiring an additional 2,396 shares during the period. Coldstream Capital Management Inc. grew its position in shares of Synchrony Financial by 14.1% during the third quarter. Coldstream Capital Management Inc. now owns 9,637 shares of the financial services provider’s stock worth $499,000 after acquiring an additional 1,188 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co increased its holdings in shares of Synchrony Financial by 7.4% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 57,961 shares of the financial services provider’s stock worth $2,891,000 after acquiring an additional 3,984 shares during the period. Institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

SYF has been the subject of several recent analyst reports. UBS Group upped their target price 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. Royal Bank of Canada increased their price objective on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Compass Point downgraded Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Tuesday, January 28th. The Goldman Sachs Group decreased their price target on Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Finally, Bank of America lifted their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.11.

Synchrony Financial Trading Down 1.1 %

Synchrony Financial stock opened at $46.10 on Friday. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The firm’s 50 day moving average price is $56.20 and its two-hundred day moving average price is $60.41. The firm has a market cap of $17.92 billion, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is presently 11.71%.

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.