7,512 Synchrony Financial $SYF Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its stake in Synchrony Financial (NYSE:SYF) by 29.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 18,092 shares of the financial services provider’s stock after selling 7,512 shares during the period. Kestra Private Wealth Services LLC’s holdings in Synchrony Financial were worth $1,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SYF. Center for Financial Planning Inc. boosted its position in Synchrony Financial by 45.3% during the 3rd quarter. Center for Financial Planning Inc. now owns 494 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 154 shares in the last quarter. WealthTrust Asset Management LLC raised its position in shares of Synchrony Financial by 0.9% in the 1st quarter. WealthTrust Asset Management LLC now owns 17,452 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 156 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Synchrony Financial by 13.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,526 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 184 shares in the last quarter. Riversedge Advisors LLC raised its position in shares of Synchrony Financial by 3.8% in the 3rd quarter. Riversedge Advisors LLC now owns 5,022 shares of the financial services provider’s stock worth $356,000 after acquiring an additional 184 shares in the last quarter. Finally, CoreFirst Bank & Trust lifted its stake in shares of Synchrony Financial by 57.8% in the 1st quarter. CoreFirst Bank & Trust now owns 505 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 185 shares during the period. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SYF shares. Jefferies Financial Group restated a “buy” rating and issued a $103.00 target price on shares of Synchrony Financial in a research note on Tuesday, October 20th. Evercore lowered Synchrony Financial from an “outperform” rating to a “hold” rating and set a $78.00 price objective for the company. in a research report on Wednesday, October 21st. TD Cowen dropped their target price on shares of Synchrony Financial from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, October 6th. BMO Capital Markets began coverage on shares of Synchrony Financial in a research report on Friday, October 9th. They issued a “market perform” rating and a $81.00 target price on the stock. Finally, Robert W. Baird lifted their price target on shares of Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $87.78.

Synchrony Financial Stock Down 0.3%

Shares of Synchrony Financial stock traded down $0.26 during midday trading on Friday, hitting $73.81. The company had a trading volume of 4,899,254 shares, compared to its average volume of 3,514,403. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $22.99 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.95 and a beta of 1.40. The company has a 50 day moving average of $74.52 and a 200 day moving average of $73.56. Synchrony Financial has a 52-week low of $63.08 and a 52-week high of $88.77.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.26. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Synchrony Financial had a return on equity of 22.26% and a net margin of 14.59%. During the same quarter in the previous year, the business earned $2.86 earnings per share. On average, equities analysts predict that Synchrony Financial will post 9.59 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 5th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, November 5th. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.20%.

Synchrony Financial Profile

Synchrony Financial is a consumer financial services company that provides credit products and related services through partnerships with retailers, healthcare providers and other businesses. Its offerings include private-label and co-branded credit cards, installment loans and promotional financing options.

The company also provides consumer banking products, including savings accounts and certificates of deposit. Its financing solutions serve customers in areas such as retail, home improvement, automotive, health and wellness, and digital commerce, primarily in the United States.

Synchrony was formerly part of General Electric’s financial services business and became an independent, publicly traded company in 2014.