Synchrony Financial (NYSE:SYF) Shares Sold by USA Financial Formulas

USA Financial Formulas lowered its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,365 shares of the financial services provider's stock after selling 5,083 shares during the quarter. USA Financial Formulas' holdings in Synchrony Financial were worth $1,194,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SYF. Larson Financial Group LLC grew its position in Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after purchasing an additional 292 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Synchrony Financial in the 2nd quarter valued at $31,000. Quarry LP boosted its holdings in Synchrony Financial by 301.3% during 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 in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Synchrony Financial in the third quarter worth about $50,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Synchrony Financial by 36.6% during the 3rd 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 in the last quarter. 96.48% of the stock is owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com raised Synchrony Financial from a "hold" rating to a "buy" rating in a report on Wednesday, October 9th. Compass Point lifted their price target on Synchrony Financial from $60.00 to $77.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Barclays raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Robert W. Baird set a $62.00 target price on Synchrony Financial in a research note on Thursday, October 17th. Finally, UBS Group lifted their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.45.

Synchrony Financial Price Performance

Synchrony Financial stock traded down $0.55 during mid-day trading on Thursday, hitting $67.56. 1,212,846 shares of the company were exchanged, compared to its average volume of 2,414,748. Synchrony Financial has a 12-month low of $35.29 and a 12-month high of $69.39. The company has a market capitalization of $26.31 billion, a P/E ratio of 8.81, a PEG ratio of 0.76 and a beta of 1.64. The business's 50 day simple moving average is $66.10 and its two-hundred day simple moving average is $55.66. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.17. The firm had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. Analysts forecast that Synchrony Financial will post 6.53 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. Synchrony Financial's dividend payout ratio (DPR) is presently 13.05%.

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.