Synchrony Financial (NYSE:SYF) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd reduced its stake in shares of Synchrony Financial (NYSE:SYF) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,012 shares of the financial services provider’s stock after selling 2,152 shares during the period. UniSuper Management Pty Ltd’s holdings in Synchrony Financial were worth $2,666,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYF. Apollon Wealth Management LLC raised its holdings in shares of Synchrony Financial by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 160 shares during the last quarter. Gladstone Institutional Advisory LLC raised its stake in Synchrony Financial by 1.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock valued at $604,000 after purchasing an additional 176 shares during the last quarter. Smithfield Trust Co lifted its holdings in Synchrony Financial by 19.7% in the 4th quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 181 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Synchrony Financial by 2.6% during the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 192 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Synchrony Financial by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider’s stock worth $1,314,000 after buying an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $52.39 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. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The company has a market capitalization of $20.37 billion, a price-to-earnings ratio of 6.13, a PEG ratio of 0.71 and a beta of 1.67. The business has a 50-day moving average of $61.17 and a 200-day moving average of $60.51.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.91%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is 11.71%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Compass Point downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research note on Tuesday, January 28th. Truist Financial decreased their price objective on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, March 21st. StockNews.com lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Finally, Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.10.

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.