Vest Financial LLC Decreases Stock Holdings in Synchrony Financial (NYSE:SYF)

Vest Financial LLC cut its position in Synchrony Financial (NYSE:SYF - Free Report) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 534,442 shares of the financial services provider's stock after selling 24,155 shares during the period. Vest Financial LLC owned 0.14% of Synchrony Financial worth $34,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after acquiring an additional 292 shares during the last quarter. Y.D. More Investments Ltd boosted its stake in shares of Synchrony Financial by 111.5% in 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 boosted 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 last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Synchrony Financial in the third quarter worth approximately $50,000. Finally, Raleigh Capital Management Inc. boosted its stake in Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after buying an additional 486 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 34,163 shares of the business'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 in the company, valued at $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by company insiders.

Synchrony Financial Stock Performance

NYSE SYF traded down $1.25 during trading on Wednesday, reaching $63.98. The company's stock had a trading volume of 5,333,454 shares, compared to its average volume of 3,723,833. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.24. The firm has a market cap of $24.91 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 0.72 and a beta of 1.63. Synchrony Financial has a twelve month low of $38.25 and a twelve month high of $70.93. The business's fifty day moving average price is $67.10 and its 200-day moving average price is $58.31.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted 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 net margin of 15.36% and a return on equity of 18.30%. As a group, analysts anticipate that Synchrony Financial will post 7.45 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.56%. Synchrony Financial's dividend payout ratio is presently 11.71%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SYF. Wells Fargo & Company raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Robert W. Baird set a $62.00 price objective on Synchrony Financial in a research note on Thursday, October 17th. Barclays raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. UBS Group boosted their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Finally, Morgan Stanley upgraded Synchrony Financial from an "underweight" rating to an "overweight" rating and boosted their price objective for the company from $40.00 to $82.00 in a report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $69.30.

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.