8,745 Shares in Synchrony Financial (NYSE:SYF) Purchased by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,745 shares of the financial services provider’s stock, valued at approximately $568,000.

Several other hedge funds have also bought and sold shares of SYF. Graypoint LLC lifted its holdings in shares of Synchrony Financial by 4.0% during the third quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 181 shares during the last quarter. Wedmont Private Capital increased its position in Synchrony Financial by 2.6% during the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock valued at $491,000 after buying an additional 192 shares in the last quarter. Empirical Finance LLC raised its stake in Synchrony Financial by 1.3% during the third quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock valued at $773,000 after buying an additional 204 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Synchrony Financial by 1.1% in 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 acquiring an additional 213 shares in the last quarter. Finally, CX Institutional grew its stake in shares of Synchrony Financial by 4.0% in the fourth quarter. CX Institutional now owns 5,755 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 222 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 34,163 shares of the firm’s stock in a transaction 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 directly owns 127,587 shares in the company, valued at $8,291,879.13. This trade represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $68.15 on Friday. Synchrony Financial has a 12-month low of $38.03 and a 12-month high of $70.93. The firm has a market capitalization of $26.53 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 0.76 and a beta of 1.63. The company has a current ratio of 1.24, a quick ratio of 1.25 and a debt-to-equity ratio of 1.01. The firm has a 50 day moving average of $67.15 and a 200 day moving average of $57.81.

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 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 anticipate that Synchrony Financial will post 7.08 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

Wall Street Analyst Weigh In

SYF has been the subject of several recent analyst reports. Compass Point lowered Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Tuesday, January 28th. The Goldman Sachs Group lifted their target price on shares of Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group increased their price target on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Truist Financial boosted their price objective on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Finally, JMP Securities reiterated a “market outperform” rating and set a $60.00 target price on shares of Synchrony Financial in a research note on Monday, October 14th. 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 company’s stock. According to MarketBeat, Synchrony Financial currently has an average 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.