UBS Group AG Lowers Position in Synchrony Financial (NYSE:SYF)

UBS Group AG lessened its stake in shares of Synchrony Financial (NYSE:SYFGet Rating) by 27.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 907,588 shares of the financial services provider’s stock after selling 346,613 shares during the period. UBS Group AG owned approximately 0.19% of Synchrony Financial worth $25,068,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in Synchrony Financial during the 2nd quarter valued at approximately $28,000. Quent Capital LLC increased its position in Synchrony Financial by 50.1% during the 1st quarter. Quent Capital LLC now owns 1,003 shares of the financial services provider’s stock valued at $35,000 after buying an additional 335 shares in the last quarter. Clear Street Markets LLC increased its position in Synchrony Financial by 392.0% during the 2nd quarter. Clear Street Markets LLC now owns 1,048 shares of the financial services provider’s stock valued at $29,000 after buying an additional 835 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Synchrony Financial during the 2nd quarter valued at approximately $31,000. Finally, Covestor Ltd increased its holdings in shares of Synchrony Financial by 138.8% in the 1st quarter. Covestor Ltd now owns 1,108 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 644 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

Insider Activity at Synchrony Financial

In related news, insider Carol Juel sold 31,303 shares of Synchrony Financial stock in a transaction on Friday, November 11th. The stock was sold at an average price of $40.00, for a total transaction of $1,252,120.00. Following the transaction, the insider now directly owns 55,929 shares in the company, valued at $2,237,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on SYF. UBS Group began coverage on Synchrony Financial in a report on Monday. They issued a “neutral” rating and a $42.00 target price for the company. The Goldman Sachs Group lifted their target price on Synchrony Financial from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 26th. Piper Sandler reduced their target price on Synchrony Financial from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, September 26th. JMP Securities reduced their target price on Synchrony Financial from $40.00 to $39.00 and set a “market outperform” rating for the company in a report on Friday, October 7th. Finally, Barclays reduced their target price on Synchrony Financial from $49.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, October 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.93.

Synchrony Financial Stock Performance

Shares of SYF opened at $36.84 on Friday. The firm has a market capitalization of $16.60 billion, a P/E ratio of 5.83, a PEG ratio of 0.89 and a beta of 1.61. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day moving average of $33.20 and a 200 day moving average of $32.87. Synchrony Financial has a one year low of $27.22 and a one year high of $50.30.

Synchrony Financial (NYSE:SYFGet Rating) last released its earnings results on Tuesday, October 25th. The financial services provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.84 billion. Synchrony Financial had a return on equity of 25.56% and a net margin of 19.47%. As a group, sell-side analysts anticipate that Synchrony Financial will post 5.91 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Tuesday, November 1st were given a dividend of $0.23 per share. The ex-dividend date was Monday, October 31st. This represents a $0.92 annualized dividend and a yield of 2.50%. Synchrony Financial’s dividend payout ratio (DPR) is presently 14.56%.

Synchrony Financial Company Profile

(Get Rating)

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual cards, co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms.

See Also

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

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