Synchrony Financial (NYSE:SYF) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Synchrony Financial (NYSE:SYF) by 25.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,543,163 shares of the financial services provider’s stock after selling 518,816 shares during the period. Victory Capital Management Inc. owned 0.40% of Synchrony Financial worth $100,306,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SYF. Jag Capital Management LLC increased its holdings in shares of Synchrony Financial by 1.5% during the 4th quarter. Jag Capital Management LLC now owns 65,494 shares of the financial services provider’s stock worth $4,257,000 after buying an additional 998 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Synchrony Financial during the 4th quarter worth $256,000. LGT Fund Management Co Ltd. acquired a new stake in shares of Synchrony Financial during the 4th quarter worth $290,000. Plato Investment Management Ltd increased its holdings in shares of Synchrony Financial by 26.5% during the 4th quarter. Plato Investment Management Ltd now owns 37,020 shares of the financial services provider’s stock worth $2,415,000 after buying an additional 7,765 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Synchrony Financial during the 4th quarter worth $57,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

NYSE:SYF opened at $54.04 on Friday. 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 firm has a 50-day moving average of $65.13 and a two-hundred day moving average of $59.84. The stock has a market cap of $21.01 billion, a P/E ratio of 6.33, a PEG ratio of 0.71 and a beta of 1.63. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SYF. Keefe, Bruyette & Woods upped their price objective on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. UBS Group upped their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Compass Point downgraded Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Tuesday, January 28th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group increased their price target on Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average target price of $69.30.

Synchrony Financial 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.