AlphaQuest LLC Sells 12,651 Shares of Synchrony Financial (NYSE:SYF)

AlphaQuest LLC reduced its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 38.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,389 shares of the financial services provider's stock after selling 12,651 shares during the period. AlphaQuest LLC's holdings in Synchrony Financial were worth $1,325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC bought a new position in Synchrony Financial during the fourth quarter valued at approximately $26,000. Y.D. More Investments Ltd grew its position in Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 253 shares during the last quarter. Larson Financial Group LLC grew its position in Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 292 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 486 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Synchrony Financial during the fourth quarter valued at approximately $57,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $54.77 on Monday. 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 has a market capitalization of $21.29 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.71 and a beta of 1.67. The business has a fifty day simple moving average of $64.91 and a two-hundred day simple moving average of $60.07. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93.

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Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. Synchrony Financial's payout ratio is presently 11.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on Synchrony Financial from $72.50 to $82.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Compass Point lowered Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price objective for the company. in a research note on Tuesday, January 28th. Bank of America increased their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods increased their price objective on Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Finally, Truist Financial increased their price objective on Synchrony Financial from $72.00 to $77.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating, fifteen 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 an average rating of "Moderate Buy" and a consensus target price of $69.30.

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.

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