Kingsview Wealth Management LLC Reduces Stock Holdings in Synchrony Financial (NYSE:SYF)

Kingsview Wealth Management LLC lowered its position in Synchrony Financial (NYSE:SYF - Free Report) by 57.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,729 shares of the financial services provider's stock after selling 6,295 shares during the quarter. Kingsview Wealth Management LLC's holdings in Synchrony Financial were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Apollon Wealth Management LLC grew its holdings in shares of Synchrony Financial by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider's stock valued at $461,000 after purchasing an additional 160 shares during the period. Lecap Asset Management Ltd. purchased a new stake in shares of Synchrony Financial in the fourth quarter valued at about $240,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Synchrony Financial by 314.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 136,012 shares of the financial services provider's stock valued at $8,841,000 after buying an additional 103,200 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Synchrony Financial by 17.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 47,021 shares of the financial services provider's stock valued at $3,056,000 after buying an additional 7,053 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Synchrony Financial in the fourth quarter valued at about $568,000. Hedge funds and other institutional investors own 96.48% of the company's stock.

Analyst Ratings Changes

SYF has been the topic of a number of recent analyst reports. Compass Point cut shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research report on Tuesday, January 28th. The Goldman Sachs Group upped their target price on shares of Synchrony Financial from $72.50 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upped their target price on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Bank of America upped their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and upped their target price for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Synchrony Financial presently has an average rating of "Moderate Buy" and an average target price of $69.30.

Synchrony Financial Stock Up 0.0 %

Shares of SYF stock traded up $0.01 during trading hours on Tuesday, reaching $65.22. 540,694 shares of the stock were exchanged, compared to its average volume of 3,562,426. The business's fifty day moving average is $66.88 and its two-hundred day moving average is $58.72. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.25. Synchrony Financial has a 12-month low of $39.26 and a 12-month high of $70.93. The firm has a market capitalization of $25.39 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.72 and a beta of 1.63.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. As a group, research analysts expect that Synchrony Financial will post 7.45 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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