DGS Capital Management LLC Cuts Holdings in Synchrony Financial (NYSE:SYF)

DGS Capital Management LLC lowered its stake in shares of Synchrony Financial (NYSE:SYF) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,524 shares of the financial services provider’s stock after selling 448 shares during the quarter. DGS Capital Management LLC’s holdings in Synchrony Financial were worth $944,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Graypoint LLC raised its position in Synchrony Financial by 4.0% during the third quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 181 shares in the last quarter. Wedmont Private Capital raised its holdings 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 valued at $491,000 after buying an additional 192 shares in the last quarter. Empirical Finance LLC lifted its position in Synchrony Financial by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock worth $773,000 after buying an additional 204 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Synchrony Financial by 1.1% in 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 buying an additional 213 shares in the last quarter. Finally, CX Institutional boosted its stake in Synchrony Financial by 4.0% in the fourth quarter. CX Institutional now owns 5,755 shares of the financial services provider’s stock worth $374,000 after buying an additional 222 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Up 0.1 %

Shares of NYSE:SYF opened at $70.52 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. Synchrony Financial has a 52-week low of $37.74 and a 52-week high of $70.93. The firm has a market capitalization of $27.46 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.83 and a beta of 1.64. The stock has a 50 day moving average price of $66.64 and a 200-day moving average price of $56.59.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 13.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SYF shares. Truist Financial initiated coverage on shares of Synchrony Financial in a report on Tuesday, January 7th. They issued a “hold” rating and a $72.00 price objective for the company. Royal Bank of Canada upped their price target on shares of Synchrony Financial from $55.00 to $62.00 and gave the company a “sector perform” rating in a research report on Thursday, October 17th. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $59.00 to $79.00 in a report on Monday, January 6th. TD Cowen increased their target price on Synchrony Financial from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Synchrony Financial from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.30.

Insider Activity

In other news, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the sale, the insider now directly owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. This represents 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 Synchrony Financial 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 transaction, the insider now directly owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

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.