Synchrony Financial (NYSE:SYF) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP decreased its position in shares of Synchrony Financial (NYSE:SYF) by 19.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,291 shares of the financial services provider’s stock after selling 1,314 shares during the quarter. Stevens Capital Management LP’s holdings in Synchrony Financial were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SYF. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial during the fourth quarter worth about $26,000. TCTC Holdings LLC acquired a new stake in shares of Synchrony Financial during the fourth quarter worth about $27,000. Larson Financial Group LLC lifted its holdings in shares of Synchrony Financial by 92.7% during the third 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 during the period. Y.D. More Investments Ltd lifted its holdings 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 worth $31,000 after purchasing an additional 253 shares during the period. Finally, Quarry LP lifted 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 worth $45,000 after purchasing an additional 675 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Bank of America lifted their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their price target on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Finally, Royal Bank of Canada lifted their price target on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Six investment 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 stock. Based on data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and an average price target of $68.10.

Synchrony Financial Stock Up 0.4 %

Shares of SYF opened at $54.07 on Monday. 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 one year low of $39.67 and a one year high of $70.93. The stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.71 and a beta of 1.67. The stock has a 50 day moving average price of $62.41 and a 200 day moving average price of $60.36.

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

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is currently 11.71%.

About Synchrony Financial

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.