Consolidated Planning Corp Acquires 402 Shares of Synchrony Financial (NYSE:SYF)

Consolidated Planning Corp raised its holdings in shares of Synchrony Financial (NYSE:SYF) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 113,140 shares of the financial services provider’s stock after acquiring an additional 402 shares during the period. Synchrony Financial makes up 1.0% of Consolidated Planning Corp’s holdings, making the stock its 29th largest position. Consolidated Planning Corp’s holdings in Synchrony Financial were worth $7,354,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd increased its stake in Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares in the last quarter. 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 purchasing an additional 486 shares in the last quarter. Quarry LP grew its stake in 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 buying an additional 675 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Synchrony Financial during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SYF. UBS Group boosted their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Truist Financial boosted their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Bank of America lifted their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised their target price on Synchrony Financial from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Seven 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Price Performance

SYF opened at $63.98 on Thursday. The stock has a market cap of $24.91 billion, a P/E ratio of 7.49, a PEG ratio of 0.72 and a beta of 1.63. The business has a fifty day moving average of $67.10 and a 200 day moving average of $58.31. Synchrony Financial has a 52-week low of $38.25 and a 52-week high of $70.93. The company has a quick ratio of 1.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping 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, sell-side analysts anticipate that Synchrony Financial will post 7.45 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. Synchrony Financial’s dividend payout ratio (DPR) is currently 11.71%.

Insiders Place Their Bets

In other Synchrony Financial 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 completion of the sale, the insider now directly owns 127,587 shares in the company, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.33% of the stock is currently owned by insiders.

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.