Lingohr Asset Management GmbH Sells 2,625 Shares of Synchrony Financial (NYSE:SYF)

Lingohr Asset Management GmbH trimmed its stake in Synchrony Financial (NYSE:SYF) by 14.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,089 shares of the financial services provider’s stock after selling 2,625 shares during the quarter. Synchrony Financial makes up 2.0% of Lingohr Asset Management GmbH’s holdings, making the stock its 10th largest holding. Lingohr Asset Management GmbH’s holdings in Synchrony Financial were worth $978,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Apollon Wealth Management LLC lifted its stake 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 worth $461,000 after buying an additional 160 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its stake in shares of Synchrony Financial by 1.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock worth $604,000 after buying an additional 176 shares during the last quarter. Smithfield Trust Co lifted its stake in shares of Synchrony Financial by 19.7% in the fourth quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider’s stock worth $69,000 after buying an additional 181 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of Synchrony Financial by 2.6% in the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock worth $491,000 after buying an additional 192 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Synchrony Financial by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider’s stock valued at $1,314,000 after purchasing an additional 213 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SYF has been the subject of several research analyst reports. 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 note 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 note on Tuesday, January 28th. Compass Point cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Tuesday, January 28th. UBS Group upped their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Finally, Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.70.

Synchrony Financial Stock Up 2.7 %

Shares of NYSE SYF opened at $54.46 on Thursday. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 6.38, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The firm’s 50-day simple moving average is $62.85 and its 200 day simple moving average is $60.22.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data 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%. On average, research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) 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.