Synchrony Financial $SYF Stock Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. lessened its stake in shares of Synchrony Financial (NYSE:SYF) by 13.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 471,366 shares of the financial services provider’s stock after selling 73,375 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Synchrony Financial were worth $33,465,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Synchrony Financial in the 3rd quarter valued at approximately $26,000. Compass Financial Management LLC acquired a new position in shares of Synchrony Financial in the 2nd quarter worth approximately $29,000. GK Wealth Management LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter worth approximately $31,000. Provenance Wealth Advisors LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter worth approximately $32,000. Finally, Fiduciary Financial Advisors acquired a new stake in Synchrony Financial in the 2nd quarter valued at approximately $33,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays boosted their target price on Synchrony Financial from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. JPMorgan Chase & Co. upped their price target on Synchrony Financial from $74.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. TD Cowen lowered their price target on Synchrony Financial from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Robert W. Baird lifted their price objective on Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company cut their price objective on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $87.78.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $72.26 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. Synchrony Financial has a 52-week low of $63.08 and a 52-week high of $88.77. The firm has a market cap of $22.50 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.88 and a beta of 1.40. The company’s 50 day moving average is $73.93 and its two-hundred day moving average is $73.46.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $2.68 EPS for the quarter, topping the consensus estimate of $2.42 by $0.26. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.81 billion. Synchrony Financial had a net margin of 14.59% and a return on equity of 22.26%. During the same quarter in the previous year, the firm posted $2.86 earnings per share. On average, research analysts expect that Synchrony Financial will post 9.61 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 5th will be issued a $0.34 dividend. The ex-dividend date is Thursday, November 5th. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. Synchrony Financial’s dividend payout ratio (DPR) is 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.