Jump Financial LLC Sells 81,106 Shares of Synchrony Financial (NYSE:SYF)

Jump Financial LLC cut its position in Synchrony Financial (NYSE:SYF) by 91.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,653 shares of the financial services provider’s stock after selling 81,106 shares during the period. Jump Financial LLC’s holdings in Synchrony Financial were worth $497,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SYF. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial in the 4th quarter worth approximately $26,000. TCTC Holdings LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd raised its holdings in shares of Synchrony Financial by 111.5% in the fourth 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. Raleigh Capital Management Inc. lifted its position in Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after buying an additional 486 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Synchrony Financial by 46.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 257 shares during the last quarter. 96.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SYF has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Synchrony Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday. StockNews.com downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. JPMorgan Chase & Co. decreased their price target on Synchrony Financial from $76.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Evercore ISI dropped their price objective on Synchrony Financial from $64.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Eight investment 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 stock. Based on data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average target price of $64.37.

Synchrony Financial Trading Up 4.0 %

NYSE:SYF opened at $51.93 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The business’s 50-day simple moving average is $53.03 and its 200-day simple moving average is $60.23. Synchrony Financial has a fifty-two week low of $40.55 and a fifty-two week high of $70.93. The stock has a market capitalization of $20.19 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.26. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.80 billion. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Sell-side analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.31%. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.25. Synchrony Financial’s payout ratio is currently 11.71%.

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.