Synchrony Financial (NYSE:SYF) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp reduced its position in Synchrony Financial (NYSE:SYF) by 19.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 61,702 shares of the financial services provider’s stock after selling 14,867 shares during the period. Cibc World Markets Corp’s holdings in Synchrony Financial were worth $4,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC grew its holdings in shares of Synchrony Financial by 17.7% during the third quarter. OneDigital Investment Advisors LLC now owns 5,431 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 817 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Synchrony Financial by 7.2% during the third quarter. Natixis Advisors LLC now owns 184,577 shares of the financial services provider’s stock valued at $9,207,000 after purchasing an additional 12,336 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of Synchrony Financial by 1.3% during the third quarter. Pathstone Holdings LLC now owns 37,785 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 493 shares during the last quarter. Caprock Group LLC grew its holdings in shares of Synchrony Financial by 20.8% during the third quarter. Caprock Group LLC now owns 46,333 shares of the financial services provider’s stock valued at $2,311,000 after purchasing an additional 7,985 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Synchrony Financial during the third quarter valued at approximately $2,690,000. 96.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on SYF. Keefe, Bruyette & Woods upped their target price on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Compass Point lowered Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Tuesday, January 28th. The Goldman Sachs Group decreased their price objective on Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday. Royal Bank of Canada increased their price objective on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Finally, Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.70.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $54.46 on Thursday. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93. The stock has a fifty day moving average of $62.85 and a 200-day moving average of $60.22. The company has a market capitalization of $21.17 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. 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 (NYSE:SYF) last announced 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 return on equity of 18.30% and a net margin of 15.36%. As a group, equities analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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