Pine Valley Investments Ltd Liability Co Has $3.49 Million Stock Holdings in Synchrony Financial (NYSE:SYF)

Pine Valley Investments Ltd Liability Co lessened its holdings in Synchrony Financial (NYSE:SYF) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,664 shares of the financial services provider’s stock after selling 4,297 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Synchrony Financial were worth $3,488,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SYF. Creative Planning boosted its stake in Synchrony Financial by 1.0% in the third quarter. Creative Planning now owns 30,064 shares of the financial services provider’s stock valued at $1,500,000 after acquiring an additional 308 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Synchrony Financial by 14.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,198 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 785 shares during the period. Private Advisor Group LLC bought a new position in shares of Synchrony Financial in the 3rd quarter worth $276,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Synchrony Financial by 34.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,120 shares of the financial services provider’s stock worth $2,175,000 after purchasing an additional 11,723 shares during the period. Finally, Forsta AP Fonden increased its holdings in Synchrony Financial by 4.8% in the third quarter. Forsta AP Fonden now owns 190,300 shares of the financial services provider’s stock valued at $9,492,000 after purchasing an additional 8,800 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Down 1.5 %

SYF stock opened at $60.51 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $23.52 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.71 and a beta of 1.63. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The business has a 50-day moving average of $66.40 and a 200-day moving average of $59.38.

Synchrony Financial (NYSE:SYF) last released its quarterly 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%. On average, sell-side analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

Analyst Ratings Changes

SYF has been the topic of a number of recent analyst reports. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their price target for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd. The Goldman Sachs Group upped their target price 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. Finally, Truist Financial lifted their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

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.