Synchrony Financial (NYSE:SYF) Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 48.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,233 shares of the financial services provider's stock after selling 3,915 shares during the quarter. Waldron Private Wealth LLC's holdings in Synchrony Financial were worth $275,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in shares of Synchrony Financial by 92.7% in 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 in the last quarter. Raleigh Capital Management Inc. grew its stake in shares of 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 acquiring an additional 486 shares during the last quarter. Quarry LP increased its holdings in shares of Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 675 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Synchrony Financial in the 3rd quarter valued at approximately $50,000. Finally, Venturi Wealth Management LLC grew its position in 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 purchasing an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Insider Activity at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction that occurred on 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company's stock.

Synchrony Financial Price Performance

Shares of SYF traded up $1.93 during trading hours on Wednesday, hitting $67.85. 4,544,221 shares of the stock were exchanged, compared to its average volume of 3,653,404. The stock's 50-day moving average price is $67.14 and its two-hundred day moving average price is $57.74. Synchrony Financial has a 12-month low of $38.03 and a 12-month high of $70.93. 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 company has a market cap of $26.42 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.76 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 (EPS) 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%. Research analysts expect that Synchrony Financial will post 7.08 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.47%. Synchrony Financial's dividend payout ratio (DPR) is presently 11.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SYF shares. Jefferies Financial Group lifted their price objective on shares of Synchrony Financial from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods increased their price objective on Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Bank of America lifted their target price on Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. TD Cowen increased their price target on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Finally, Morgan Stanley raised shares of Synchrony Financial from an "underweight" rating to an "overweight" rating and upped 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 issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.