Diversified Trust Co Has $2.57 Million Stock Holdings in Synchrony Financial (NYSE:SYF)

Diversified Trust Co reduced its stake in shares of Synchrony Financial (NYSE:SYF) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,513 shares of the financial services provider’s stock after selling 16,358 shares during the quarter. Diversified Trust Co’s holdings in Synchrony Financial were worth $2,568,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in Synchrony Financial by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 6,686,486 shares of the financial services provider’s stock worth $315,381,000 after buying an additional 313,128 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Synchrony Financial by 14.6% during the 2nd quarter. AQR Capital Management LLC now owns 5,726,704 shares of the financial services provider’s stock worth $264,917,000 after acquiring an additional 727,649 shares in the last quarter. Southpoint Capital Advisors LP increased its stake in Synchrony Financial by 37.9% in the third quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock valued at $229,448,000 after acquiring an additional 1,265,000 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Synchrony Financial by 3.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider’s stock valued at $221,830,000 after purchasing an additional 157,948 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Synchrony Financial by 18.7% during the second quarter. Hsbc Holdings PLC now owns 3,131,599 shares of the financial services provider’s stock worth $147,599,000 after purchasing an additional 492,312 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird set a $62.00 price target on shares of Synchrony Financial in a report on Thursday, October 17th. Truist Financial began coverage on Synchrony Financial in a report on Tuesday. They issued a “hold” rating and a $72.00 target price for the company. StockNews.com raised Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley raised Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their target price on shares of Synchrony Financial from $64.00 to $72.50 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.98.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $66.64 on Wednesday. Synchrony Financial has a 52 week low of $35.29 and a 52 week high of $69.39. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average price of $65.15 and a 200-day moving average price of $54.96. The company has a market cap of $25.95 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.17. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.76 billion. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. Synchrony Financial’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. Equities analysts anticipate that Synchrony Financial will post 6.51 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.50%. The ex-dividend date was Monday, November 4th. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.05%.

Insiders Place Their Bets

In related news, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the sale, the insider now directly owns 127,587 shares in the company, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction on Friday, November 1st. The shares were 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 owns 99,743 shares of the company’s stock, valued at $5,498,831.59. This trade represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

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.