Checchi Capital Advisers LLC Sells 1,707 Shares of Synchrony Financial (NYSE:SYF)

Checchi Capital Advisers LLC lowered its stake in shares of Synchrony Financial (NYSE:SYF) by 33.4% during the 4th quarter, HoldingsChannel reports. The fund owned 3,403 shares of the financial services provider’s stock after selling 1,707 shares during the period. Checchi Capital Advisers LLC’s holdings in Synchrony Financial were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in SYF. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial during the 4th quarter valued at $26,000. Larson Financial Group LLC grew its holdings 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 valued at $30,000 after buying an additional 292 shares in the last quarter. Y.D. More Investments Ltd increased 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 valued at $31,000 after buying an additional 253 shares during the period. Quarry LP lifted its holdings 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 buying an additional 675 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Synchrony Financial in the third quarter valued at approximately $50,000. 96.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SYF. Bank of America increased their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Compass Point cut Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Tuesday, January 28th. Royal Bank of Canada raised their price target on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. UBS Group boosted their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Stock Performance

NYSE:SYF opened at $59.12 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The firm has a market cap of $22.98 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 0.71 and a beta of 1.63. The business has a 50 day moving average price of $66.06 and a 200-day moving average price of $59.47.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Equities research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. Synchrony Financial’s payout ratio is presently 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.