Exchange Traded Concepts LLC Sells 5,134 Shares of Synchrony Financial (NYSE:SYF)

Exchange Traded Concepts LLC trimmed its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,005 shares of the financial services provider's stock after selling 5,134 shares during the period. Exchange Traded Concepts LLC's holdings in Synchrony Financial were worth $780,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake 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 buying an additional 292 shares during the period. Quarry LP increased its stake in shares of Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock worth $45,000 after buying an additional 675 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Synchrony Financial in the third quarter worth about $50,000. Raleigh Capital Management Inc. lifted its stake in Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after acquiring an additional 486 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in Synchrony Financial by 36.6% in the third quarter. Venturi Wealth Management LLC now owns 1,662 shares of the financial services provider's stock worth $83,000 after acquiring an additional 445 shares during the period. 96.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on SYF. JPMorgan Chase & Co. raised shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Royal Bank of Canada lifted their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday. The Goldman Sachs Group raised their price objective on shares of Synchrony Financial from $72.50 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Robert W. Baird set a $62.00 price objective on shares of Synchrony Financial in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Synchrony Financial from $58.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Synchrony Financial has a consensus rating of "Moderate Buy" and an average price target of $69.30.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the transaction, the insider now owns 99,743 shares of the company's stock, valued at $5,498,831.59. This represents a 18.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the sale, the insider now owns 127,587 shares of the company's stock, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.33% of the company's stock.

Synchrony Financial Price Performance

SYF stock traded up $1.18 during trading on Thursday, hitting $69.95. 902,576 shares of the company's stock traded hands, compared to its average volume of 3,198,060. Synchrony Financial has a 52 week low of $37.91 and a 52 week high of $70.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The business has a fifty day simple moving average of $67.01 and a 200 day simple moving average of $57.22. The stock has a market capitalization of $27.23 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 0.83 and a beta of 1.64.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. As a group, research analysts expect that Synchrony Financial will post 6.54 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders 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 dividend on an annualized basis and a yield of 1.43%. Synchrony Financial's dividend payout ratio (DPR) is presently 13.05%.

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.