Nemes Rush Group LLC Sells 268 Shares of Synchrony Financial (NYSE:SYF)

Nemes Rush Group LLC lowered its position in shares of Synchrony Financial (NYSE:SYF) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,650 shares of the financial services provider’s stock after selling 268 shares during the period. Nemes Rush Group LLC’s holdings in Synchrony Financial were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Apollon Wealth Management LLC lifted its holdings in shares of Synchrony Financial by 2.3% during the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after buying an additional 160 shares in 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 worth $604,000 after purchasing an additional 176 shares in the last quarter. Smithfield Trust Co boosted 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 during the period. Wedmont Private Capital grew its position 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased 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 purchasing an additional 213 shares during the period. 96.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SYF shares. Truist Financial cut their price target on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Morgan Stanley raised Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $82.00 in a report on Thursday, December 19th. Keefe, Bruyette & Woods upped their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Compass Point lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group dropped their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.10.

Synchrony Financial Trading Up 0.5 %

Shares of SYF stock opened at $53.22 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $20.69 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.71 and a beta of 1.67. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93. The stock’s fifty day simple moving average is $60.53 and its 200 day simple moving average is $60.71.

Synchrony Financial (NYSE:SYF) last released 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 return on equity of 18.30% and a net margin of 15.36%. As a group, sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.88%. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

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.