NBW Capital LLC lowered its position in shares of Synchrony Financial (NYSE:SYF) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,807 shares of the financial services provider’s stock after selling 1,593 shares during the quarter. NBW Capital LLC’s holdings in Synchrony Financial were worth $4,278,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Van Den Berg Management I Inc. acquired a new stake in shares of Synchrony Financial during the 4th quarter worth about $3,912,000. Jones Financial Companies Lllp increased its position in shares of Synchrony Financial by 13.3% during the 4th quarter. Jones Financial Companies Lllp now owns 195,188 shares of the financial services provider’s stock worth $7,536,000 after purchasing an additional 22,904 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter worth about $1,507,000. Deutsche Bank AG grew its holdings in Synchrony Financial by 32.7% during the 4th quarter. Deutsche Bank AG now owns 3,189,347 shares of the financial services provider’s stock worth $123,136,000 after acquiring an additional 785,783 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in Synchrony Financial by 2.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 2,663,610 shares of the financial services provider’s stock worth $102,842,000 after acquiring an additional 70,724 shares during the last quarter. Institutional investors and hedge funds own 88.65% of the company’s stock.
Synchrony Financial (NYSE:SYF) opened at $37.28 on Monday. Synchrony Financial has a one year low of $26.01 and a one year high of $40.59. The firm has a market cap of $28,340.89, a P/E ratio of 14.23, a P/E/G ratio of 1.44 and a beta of 1.07. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.45 and a current ratio of 1.45.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, February 2nd. Synchrony Financial’s payout ratio is 24.90%.
A number of equities research analysts have commented on SYF shares. Barclays reissued a “buy” rating and set a $43.00 price objective on shares of Synchrony Financial in a report on Tuesday, November 21st. Jefferies Group increased their price objective on shares of Synchrony Financial to $44.00 and gave the stock a “top pick” rating in a report on Friday, December 1st. Wedbush set a $41.00 price objective on shares of Synchrony Financial and gave the stock a “hold” rating in a report on Monday, December 11th. BTIG Research reissued a “buy” rating and set a $44.00 price objective on shares of Synchrony Financial in a report on Sunday, December 17th. Finally, Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.11.
In related news, insider Margaret M. Keane sold 13,138 shares of Synchrony Financial stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $36.70, for a total transaction of $482,164.60. Following the transaction, the insider now owns 440,169 shares of the company’s stock, valued at approximately $16,154,202.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas M. Quindlen sold 10,712 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $36.73, for a total transaction of $393,451.76. The disclosure for this sale can be found here. Insiders have sold a total of 25,850 shares of company stock worth $955,616 in the last three months. 0.03% of the stock is owned by insiders.
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Synchrony Financial Company Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
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