Dumont & Blake Investment Advisors LLC Lowers Stake in Synchrony Financial (NYSE:SYF)

Dumont & Blake Investment Advisors LLC trimmed its stake in Synchrony Financial (NYSE:SYF) by 0.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,653 shares of the financial services provider’s stock after selling 275 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Synchrony Financial were worth $2,447,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its stake in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 292 shares during the period. Quarry LP lifted its position in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 675 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Synchrony Financial in the 3rd quarter worth approximately $50,000. Raleigh Capital Management Inc. lifted its holdings in Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after buying an additional 486 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in Synchrony Financial by 36.6% during the third quarter. Venturi Wealth Management LLC now owns 1,662 shares of the financial services provider’s stock worth $83,000 after buying an additional 445 shares during the period. 96.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.99, for a total value of $2,220,253.37. Following the transaction, the insider now directly owns 127,587 shares in the company, valued at $8,291,879.13. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.33% of the stock is owned by company insiders.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $69.40 on Friday. The firm has a market cap of $27.02 billion, a PE ratio of 8.13, a PEG ratio of 0.80 and a beta of 1.64. The firm has a fifty day moving average of $67.01 and a 200 day moving average of $57.22. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.24. Synchrony Financial has a one year low of $37.91 and a one year high of $70.93.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping 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, research analysts predict that Synchrony Financial will post 6.73 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial’s payout ratio is currently 11.71%.

Analysts Set New Price Targets

A number of analysts have weighed in on SYF shares. Deutsche Bank Aktiengesellschaft upped their target price on Synchrony Financial from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday. StockNews.com upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. UBS Group raised their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Finally, TD Cowen upped their price target on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Seven 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. Based on data from MarketBeat.com, the company presently has a consensus 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.