Impact Partnership Wealth LLC Cuts Stake in Synchrony Financial (NYSE:SYF)

Impact Partnership Wealth LLC cut its holdings in Synchrony Financial (NYSE:SYF) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,879 shares of the financial services provider’s stock after selling 260 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Synchrony Financial were worth $512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of Synchrony Financial by 32.5% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 33,619 shares of the financial services provider’s stock worth $2,187,000 after purchasing an additional 8,251 shares in the last quarter. FCG Investment Co grew its stake in Synchrony Financial by 4.9% during the 4th quarter. FCG Investment Co now owns 22,158 shares of the financial services provider’s stock worth $1,440,000 after buying an additional 1,039 shares during the last quarter. Yeomans Consulting Group Inc. acquired a new position in Synchrony Financial during the 4th quarter valued at about $348,000. Raleigh Capital Management Inc. raised its stake in Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after buying an additional 486 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Synchrony Financial by 76.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 111,680 shares of the financial services provider’s stock worth $7,259,000 after acquiring an additional 48,382 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Trading Down 0.1 %

Shares of SYF stock opened at $70.39 on Friday. Synchrony Financial has a fifty-two week low of $37.64 and a fifty-two week high of $70.93. The firm has a market capitalization of $27.41 billion, a P/E ratio of 9.19, a PEG ratio of 0.83 and a beta of 1.64. The stock’s fifty day moving average is $66.53 and its two-hundred day moving average is $56.49. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is 13.05%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SYF. TD Cowen upped their price objective on shares of Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, October 17th. The Goldman Sachs Group upped their price target on shares of Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI lifted their price objective on shares of Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley raised 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 report on Thursday, December 19th. Finally, Jefferies Financial Group lifted their price target on Synchrony Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.45.

Insider Transactions at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the sale, the insider now owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis Howse sold 21,934 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares of the company’s stock, valued at $5,498,831.59. The trade was a 18.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

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.