Sentry Investment Management LLC lifted its stake in shares of Synchrony Financial (NYSE:SYF) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 156,017 shares of the financial services provider’s stock after buying an additional 7,056 shares during the quarter. Sentry Investment Management LLC’s holdings in Synchrony Financial were worth $6,024,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SYF. Patten Group Inc. raised its holdings in shares of Synchrony Financial by 3,019.4% during the 3rd quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 103,292 shares during the period. SpiderRock Advisors LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter worth $176,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter worth $192,000. Shelton Capital Management purchased a new position in shares of Synchrony Financial during the 2nd quarter worth $201,000. Finally, Flossbach Von Storch AG purchased a new position in shares of Synchrony Financial during the 4th quarter worth $202,000. Institutional investors and hedge funds own 86.29% of the company’s stock.

Shares of Synchrony Financial (NYSE SYF) opened at $35.03 on Monday. The stock has a market cap of $26,990.61, a PE ratio of 13.37, a P/E/G ratio of 1.35 and a beta of 1.01. Synchrony Financial has a fifty-two week low of $26.01 and a fifty-two week high of $40.59. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.45 and a quick ratio of 1.47.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.96 billion. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. During the same period in the previous year, the firm earned $0.70 EPS. equities analysts predict that Synchrony Financial will post 3.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.60 annualized dividend and a yield of 1.71%. Synchrony Financial’s dividend payout ratio (DPR) is currently 24.90%.

Several research firms have recently commented on SYF. Zacks Investment Research upgraded Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, January 31st. Oppenheimer reiterated a “hold” rating on shares of Synchrony Financial in a report on Tuesday, October 31st. Morgan Stanley lifted their price target on Synchrony Financial from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Jefferies Group lifted their price target on Synchrony Financial to $44.00 and gave the stock a “top pick” rating in a report on Friday, December 1st. Finally, Barclays set a $40.00 price target on Synchrony Financial and gave the stock a “buy” rating in a report on Monday, October 23rd. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.30.

In other news, insider David P. Melito sold 2,580 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $35.00, for a total transaction of $90,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David P. Melito sold 2,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $40.00, for a total value of $80,000.00. Following the transaction, the insider now directly owns 39,259 shares of the company’s stock, valued at $1,570,360. The disclosure for this sale can be found here. Insiders have sold 6,461 shares of company stock worth $241,778 over the last quarter. Insiders own 0.03% of the company’s stock.

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About Synchrony Financial

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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Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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