LSV Asset Management lessened its stake in shares of Synchrony Financial (NYSE:SYF) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,100 shares of the financial services provider’s stock after selling 2,900 shares during the period. LSV Asset Management’s holdings in Synchrony Financial were worth $2,320,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SYF. Macquarie Group Ltd. increased its stake in Synchrony Financial by 10.2% during the 2nd quarter. Macquarie Group Ltd. now owns 183,246 shares of the financial services provider’s stock worth $5,464,000 after acquiring an additional 16,994 shares during the period. Shelton Capital Management bought a new position in Synchrony Financial during the 2nd quarter worth $201,000. Advisory Services Network LLC increased its stake in Synchrony Financial by 18.7% during the 2nd quarter. Advisory Services Network LLC now owns 12,571 shares of the financial services provider’s stock worth $375,000 after acquiring an additional 1,977 shares during the period. USA Financial Portformulas Corp bought a new position in Synchrony Financial during the 2nd quarter worth $433,000. Finally, Lord Abbett & CO. LLC increased its stake in Synchrony Financial by 26.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 491,800 shares of the financial services provider’s stock worth $14,665,000 after acquiring an additional 103,300 shares during the period. Hedge funds and other institutional investors own 86.29% of the company’s stock.

Shares of Synchrony Financial (NYSE SYF) opened at $36.01 on Wednesday. The firm has a market capitalization of $28,180.00, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. Synchrony Financial has a twelve month low of $26.01 and a twelve month high of $40.59. The company has a quick ratio of 1.47, a current ratio of 1.45 and a debt-to-equity ratio of 1.46.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. Synchrony Financial had a return on equity of 14.62% and a net margin of 11.75%. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the business posted $0.70 EPS. equities research analysts expect that Synchrony Financial will post 3.38 earnings per share for the current year.

The company 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, February 2nd. Synchrony Financial’s dividend payout ratio (DPR) is 24.79%.

In other news, Director Olympia J. Snowe acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average price of $33.40 per share, with a total value of $100,200.00. Following the acquisition, the director now directly owns 10,608 shares in the company, valued at approximately $354,307.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laurel Richie acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $34.20 per share, for a total transaction of $34,200.00. Following the acquisition, the director now owns 8,608 shares in the company, valued at $294,393.60. The disclosure for this purchase can be found here. In the last three months, insiders have sold 6,461 shares of company stock worth $241,778. 0.03% of the stock is currently owned by company insiders.

SYF has been the topic of a number of recent research reports. Bank of America upgraded Synchrony Financial from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. BTIG Research restated a “buy” rating and set a $44.00 price objective on shares of Synchrony Financial in a research note on Sunday, December 17th. Barclays set a $55.00 price objective on Synchrony Financial and gave the stock a “buy” rating in a research note on Thursday, January 11th. JMP Securities raised their target price on Synchrony Financial from $35.00 to $37.00 and gave the company a “market outperform” rating in a report on Monday, October 23rd. Finally, Wells Fargo & Co raised Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $38.30.

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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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