Trustmark National Bank Trust Department trimmed its position in Synchrony Financial (NYSE:SYF – Free Report) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,663 shares of the financial services provider’s stock after selling 1,108 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Synchrony Financial were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in Synchrony Financial during the second quarter valued at about $31,000. International Assets Investment Management LLC acquired a new stake in Synchrony Financial in the 2nd quarter valued at approximately $33,000. WR Wealth Planners LLC grew its holdings in Synchrony Financial by 83.6% in the 2nd quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock valued at $34,000 after buying an additional 326 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Synchrony Financial in the 2nd quarter worth approximately $39,000. Finally, Family Firm Inc. acquired a new position in shares of Synchrony Financial during the second quarter worth approximately $42,000. 96.48% of the stock is owned by institutional investors.
Synchrony Financial Stock Up 1.2 %
NYSE SYF opened at $64.40 on Thursday. The stock has a market capitalization of $25.07 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. Synchrony Financial has a 52 week low of $29.15 and a 52 week high of $67.76. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $55.06 and a 200-day moving average of $49.47.
Synchrony Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.55%. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.05%.
Insider Buying and Selling at Synchrony Financial
In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the transaction, the insider now directly owns 127,587 shares in the company, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Curtis Howse sold 21,934 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the sale, the insider now owns 99,743 shares of the company’s stock, valued at $5,498,831.59. This trade represents a 18.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on SYF shares. Royal Bank of Canada raised their price objective on shares of Synchrony Financial from $55.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 17th. Morgan Stanley boosted their price objective on shares of Synchrony Financial from $37.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Evercore ISI lifted their price objective on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BTIG Research lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating in a research report on Monday, September 16th. Finally, TD Cowen upped their price objective on Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.43.
View Our Latest Research Report on SYF
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.
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