Synchrony Financial $SYF Shares Sold by Vest Financial LLC

Vest Financial LLC reduced its stake in Synchrony Financial (NYSE:SYF) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 566,420 shares of the financial services provider’s stock after selling 8,129 shares during the period. Vest Financial LLC owned 0.16% of Synchrony Financial worth $40,244,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. NewEdge Advisors LLC grew its position in shares of Synchrony Financial by 8.9% in the 1st quarter. NewEdge Advisors LLC now owns 8,302 shares of the financial services provider’s stock valued at $439,000 after buying an additional 679 shares during the last quarter. Woodline Partners LP boosted its stake in Synchrony Financial by 36.2% in the first quarter. Woodline Partners LP now owns 35,582 shares of the financial services provider’s stock valued at $1,884,000 after acquiring an additional 9,460 shares in the last quarter. Focus Partners Wealth boosted its stake in Synchrony Financial by 7.7% in the first quarter. Focus Partners Wealth now owns 6,406 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 459 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Synchrony Financial by 337.0% during the first quarter. Geneos Wealth Management Inc. now owns 590 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 455 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its position in shares of Synchrony Financial by 56.1% during the second quarter. Sivia Capital Partners LLC now owns 6,062 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 2,178 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Robert W. Baird reissued a “neutral” rating and issued a $82.00 target price on shares of Synchrony Financial in a research report on Friday, December 5th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Synchrony Financial in a report on Thursday, October 16th. Wall Street Zen upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Saturday. Evercore ISI raised their price target on Synchrony Financial from $83.00 to $84.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Finally, Wells Fargo & Company increased their price target on shares of Synchrony Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and an average price target of $86.47.

Synchrony Financial Stock Performance

NYSE SYF opened at $76.79 on Wednesday. The business’s 50-day simple moving average is $80.60 and its 200-day simple moving average is $75.44. The firm has a market capitalization of $27.66 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.55 and a beta of 1.43. Synchrony Financial has a 1-year low of $40.54 and a 1-year high of $88.77. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Wednesday, November 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 5th. This represents a $1.20 annualized dividend and a yield of 1.6%. Synchrony Financial’s payout ratio is 13.10%.

Synchrony Financial declared that its board has approved a share buyback plan on Wednesday, October 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 3.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Synchrony Financial news, insider Jonathan S. Mothner sold 32,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $72.80, for a total value of $2,329,600.00. Following the completion of the transaction, the insider directly owned 127,100 shares of the company’s stock, valued at $9,252,880. This represents a 20.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Darrell Owens sold 2,989 shares of Synchrony Financial stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $74.02, for a total value of $221,245.78. Following the sale, the insider directly owned 16,096 shares in the company, valued at approximately $1,191,425.92. The trade was a 15.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 55,075 shares of company stock worth $4,036,892. 0.33% of the stock is owned by corporate insiders.

Synchrony Financial Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.