Choreo LLC Sells 9,279 Shares of Synchrony Financial (NYSE:SYF)

Choreo LLC trimmed its position in Synchrony Financial (NYSE:SYF - Free Report) by 46.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,614 shares of the financial services provider's stock after selling 9,279 shares during the quarter. Choreo LLC's holdings in Synchrony Financial were worth $690,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graypoint LLC grew its holdings in shares of Synchrony Financial by 4.0% during the 3rd quarter. Graypoint LLC now owns 4,668 shares of the financial services provider's stock worth $233,000 after purchasing an additional 181 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Synchrony Financial by 2.6% during the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock worth $491,000 after purchasing an additional 192 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Synchrony Financial by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider's stock worth $773,000 after purchasing an additional 204 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Synchrony Financial by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider's stock worth $1,314,000 after purchasing an additional 213 shares in the last quarter. Finally, CX Institutional boosted its stake in Synchrony Financial by 4.0% in the fourth quarter. CX Institutional now owns 5,755 shares of the financial services provider's stock valued at $374,000 after buying an additional 222 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SYF shares. Wells Fargo & Company raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on Synchrony Financial from $58.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Bank of America raised 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. Morgan Stanley raised Synchrony Financial from an "underweight" rating to an "overweight" rating and raised their price objective for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. Finally, Evercore ISI raised their price objective on Synchrony Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.30.

Synchrony Financial Trading Up 1.7 %

SYF stock traded up $1.11 during mid-day trading on Friday, reaching $65.19. The company's stock had a trading volume of 2,063,295 shares, compared to its average volume of 3,666,167. The company has a market cap of $25.34 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63. The business's 50 day moving average price is $66.99 and its 200 day moving average price is $58.39. The company has a current ratio of 1.24, a quick ratio of 1.25 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 12 month low of $39.26 and a 12 month high of $70.93.

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 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, equities research analysts predict that Synchrony Financial will post 7.45 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. Synchrony Financial's payout ratio is 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.