Synchrony Financial (NYSE:SYF) Stock Holdings Trimmed by MMA Asset Management LLC

MMA Asset Management LLC lowered its holdings in shares of Synchrony Financial (NYSE:SYF) by 52.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,103 shares of the financial services provider’s stock after selling 7,968 shares during the period. MMA Asset Management LLC’s holdings in Synchrony Financial were worth $462,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in Synchrony Financial during the 4th quarter valued at $26,000. Larson Financial Group LLC raised its stake in shares of Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after buying an additional 292 shares in the last quarter. Y.D. More Investments Ltd raised its stake in shares of Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after buying an additional 253 shares in the last quarter. Quarry LP raised its stake 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 buying an additional 675 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Synchrony Financial in the 3rd quarter worth $50,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Trading Up 2.3 %

Shares of SYF opened at $60.64 on Friday. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. 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 $23.57 billion, a price-to-earnings ratio of 7.10, a P/E/G ratio of 0.71 and a beta of 1.63. The stock’s 50-day moving average price is $65.96 and its 200 day moving average price is $59.67.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results 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, research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.65%. Synchrony Financial’s dividend payout ratio is 11.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SYF. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. The Goldman Sachs Group lifted their target price on Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Royal Bank of Canada lifted their target price on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Finally, Compass Point cut 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. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.30.

About Synchrony Financial

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.