JBF Capital Inc. Trims Stock Position in Synchrony Financial (NYSE:SYF)

JBF Capital Inc. decreased its holdings in Synchrony Financial (NYSE:SYF) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,000 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. JBF Capital Inc.’s holdings in Synchrony Financial were worth $1,105,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in shares of Synchrony Financial during the 4th quarter worth $452,000. Asset Management One Co. Ltd. lifted its position in Synchrony Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock valued at $11,787,000 after purchasing an additional 12,492 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Synchrony Financial during the fourth quarter valued at about $57,000. Summit Trail Advisors LLC purchased a new stake in Synchrony Financial in the fourth quarter worth about $423,000. Finally, NEOS Investment Management LLC raised its stake in shares of Synchrony Financial by 31.4% in the fourth quarter. NEOS Investment Management LLC now owns 25,622 shares of the financial services provider’s stock worth $1,665,000 after buying an additional 6,120 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $44.00 target price (down from $82.00) on shares of Synchrony Financial in a report on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of Synchrony Financial from $76.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Truist Financial lowered their target price on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company cut their price target on Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada boosted their price objective on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.11.

Synchrony Financial Trading Up 2.4 %

SYF stock opened at $47.86 on Friday. The firm has a market cap of $18.61 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. The firm has a fifty day moving average price of $54.25 and a 200 day moving average price of $60.34. 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 has a fifty-two week low of $40.55 and a fifty-two week high of $70.93.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Sell-side analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.09%. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

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.