Synchrony Financial (NYSE:SYF) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC trimmed its holdings in Synchrony Financial (NYSE:SYFFree Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,693 shares of the financial services provider’s stock after selling 1,420 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Synchrony Financial were worth $1,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Live Oak Investment Partners acquired a new position in Synchrony Financial during the fourth quarter worth $27,000. Covestor Ltd boosted its position in shares of Synchrony Financial by 138.8% during the 1st quarter. Covestor Ltd now owns 1,108 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 644 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Synchrony Financial in the third quarter valued at about $35,000. Zions Bancorporation N.A. increased its position in Synchrony Financial by 230.5% during the first quarter. Zions Bancorporation N.A. now owns 1,226 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 855 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in Synchrony Financial by 44.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,274 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 390 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Stock Down 0.2 %

Shares of NYSE:SYF traded down $0.09 during trading hours on Wednesday, reaching $40.91. The stock had a trading volume of 1,973,556 shares, compared to its average volume of 4,481,364. Synchrony Financial has a 1 year low of $26.59 and a 1 year high of $43.83. The firm’s 50 day moving average is $40.64 and its 200-day moving average is $35.53. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 1.01 and a beta of 1.61. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 1.22.

Synchrony Financial (NYSE:SYFGet Free Report) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. Synchrony Financial had a net margin of 10.68% and a return on equity of 17.37%. The firm had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Research analysts predict that Synchrony Financial will post 5.7 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.00 annualized dividend and a yield of 2.44%. Synchrony Financial’s payout ratio is currently 19.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SYF shares. Oppenheimer restated a “market perform” rating on shares of Synchrony Financial in a report on Wednesday, March 6th. JMP Securities lifted their target price on shares of Synchrony Financial from $35.00 to $42.00 and gave the company a “market outperform” rating in a report on Friday, January 12th. StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price objective on Synchrony Financial from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Stephens increased their target price on Synchrony Financial from $40.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Synchrony Financial currently has a consensus rating of “Hold” and an average price target of $40.31.

Get Our Latest Report on Synchrony Financial

Insider Buying and Selling at Synchrony Financial

In related news, insider David P. Melito sold 7,283 shares of Synchrony Financial stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $38.99, for a total transaction of $283,964.17. Following the completion of the transaction, the insider now directly owns 14,183 shares of the company’s stock, valued at $552,995.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider David P. Melito sold 7,283 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $38.99, for a total value of $283,964.17. Following the sale, the insider now directly owns 14,183 shares of the company’s stock, valued at approximately $552,995.17. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Curtis Howse sold 6,179 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $42.82, for a total transaction of $264,584.78. Following the transaction, the insider now owns 152,604 shares of the company’s stock, valued at $6,534,503.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,158 shares of company stock valued at $6,106,106. Corporate insiders own 0.65% of the company’s stock.

Synchrony Financial Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.