Prudential PLC Sells 61,497 Shares of Synchrony Financial (NYSE:SYF)

Prudential PLC lowered its position in Synchrony Financial (NYSE:SYF - Free Report) by 47.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,067 shares of the financial services provider's stock after selling 61,497 shares during the quarter. Prudential PLC's holdings in Synchrony Financial were worth $4,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SYF. Bogart Wealth LLC acquired a new position in Synchrony Financial during the 4th quarter worth about $26,000. TCTC Holdings LLC bought a new position in shares of Synchrony Financial during the fourth quarter worth about $27,000. Y.D. More Investments Ltd raised its position in shares of 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 worth $31,000 after acquiring an additional 253 shares during the last quarter. Quarry LP lifted 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 acquiring an additional 675 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings 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 valued at $52,000 after acquiring an additional 486 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Analyst Ratings Changes

SYF has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 29th. Morgan Stanley reaffirmed an "equal weight" rating and set a $44.00 price target (down previously from $82.00) on shares of Synchrony Financial in a research report on Monday. 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 report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Truist Financial decreased their target price on Synchrony Financial from $77.00 to $65.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Synchrony Financial has an average rating of "Moderate Buy" and a consensus price target of $65.11.

Remove Ads

Synchrony Financial Stock Down 1.1 %

Shares of SYF traded down $0.53 on Friday, reaching $46.10. The company's stock had a trading volume of 6,550,656 shares, compared to its average volume of 3,960,140. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93. The stock has a market capitalization of $17.92 billion, a PE ratio of 5.40, a PEG ratio of 0.71 and a beta of 1.45. 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 fifty day moving average of $56.20 and a 200-day moving average of $60.41.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping 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%. Equities analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio is 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.