Synchrony Financial (NYSE:SYF) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its stake in Synchrony Financial (NYSE:SYF) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,012 shares of the financial services provider’s stock after selling 2,152 shares during the period. UniSuper Management Pty Ltd’s holdings in Synchrony Financial were worth $2,666,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its position in shares of Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 292 shares during the last quarter. Quantbot Technologies LP bought a new position in Synchrony Financial during the 3rd quarter worth approximately $791,000. Townsquare Capital LLC acquired a new position in shares of Synchrony Financial in the 3rd quarter worth approximately $245,000. Public Sector Pension Investment Board increased its holdings in shares of Synchrony Financial by 3.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 70,248 shares of the financial services provider’s stock valued at $3,504,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in shares of Synchrony Financial by 65.8% during the 3rd quarter. Martingale Asset Management L P now owns 44,216 shares of the financial services provider’s stock valued at $2,205,000 after acquiring an additional 17,548 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Trading Down 3.3 %

Synchrony Financial stock opened at $52.39 on Friday. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $20.37 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The firm has a 50 day simple moving average of $61.17 and a 200-day simple moving average of $60.51.

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 analysts’ consensus estimates 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, equities research analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s payout ratio is currently 11.71%.

Wall Street Analysts Forecast Growth

SYF has been the subject of a number of research reports. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $59.00 to $72.00 in a report on Monday, December 9th. Truist Financial decreased their price target on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a report on Friday, March 21st. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods increased their price target on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $68.10.

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.