Greenleaf Trust Sells 992 Shares of Synchrony Financial (NYSE:SYF)

Greenleaf Trust decreased its holdings in shares of Synchrony Financial (NYSE:SYF) by 11.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,534 shares of the financial services provider’s stock after selling 992 shares during the period. Greenleaf Trust’s holdings in Synchrony Financial were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SYF. Exchange Traded Concepts LLC bought a new stake in Synchrony Financial in the third quarter valued at about $35,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Synchrony Financial by 44.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,274 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 390 shares during the last quarter. Private Trust Co. NA raised its position in shares of Synchrony Financial by 13.4% in the 4th quarter. Private Trust Co. NA now owns 2,711 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 320 shares during the period. Systematic Alpha Investments LLC bought a new position in Synchrony Financial during the 3rd quarter worth approximately $100,000. Finally, Planned Solutions Inc. bought a new position in Synchrony Financial during the 4th quarter worth approximately $141,000. 96.48% of the stock is owned by institutional investors.

Insider Transactions at Synchrony Financial

In related news, insider Curtis Howse sold 6,179 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $42.82, for a total value of $264,584.78. Following the completion of the transaction, the insider now directly owns 152,604 shares of the company’s stock, valued at $6,534,503.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Synchrony Financial news, insider David P. Melito sold 7,283 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.99, for a total transaction of $283,964.17. Following the transaction, the insider now owns 14,183 shares of the company’s stock, valued at $552,995.17. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Curtis Howse sold 6,179 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $42.82, for a total value of $264,584.78. Following the completion of the sale, the insider now directly owns 152,604 shares of the company’s stock, valued at $6,534,503.28. The disclosure for this sale can be found here. Insiders have sold a total of 148,158 shares of company stock worth $6,106,106 in the last 90 days. Corporate insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SYF. Oppenheimer reaffirmed a “market perform” rating on shares of Synchrony Financial in a research note on Wednesday, March 6th. Wolfe Research raised Synchrony Financial from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $36.00 to $50.00 in a research note on Thursday, April 4th. Piper Sandler lifted their target price on Synchrony Financial from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Wells Fargo & Company increased their price target on Synchrony Financial from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets cut Synchrony Financial from an “outperform” rating to a “market perform” rating and set a $40.00 price objective on the stock. in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.44.

Synchrony Financial Trading Up 5.1 %

Shares of NYSE:SYF opened at $45.06 on Thursday. The company’s 50-day moving average price is $41.47 and its two-hundred day moving average price is $36.70. Synchrony Financial has a one year low of $26.59 and a one year high of $45.16. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $18.33 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.10. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $4.45 billion. Synchrony Financial had a return on equity of 17.37% and a net margin of 10.68%. During the same quarter in the prior year, the company posted $1.26 earnings per share. On average, equities analysts forecast that Synchrony Financial will post 5.57 EPS for the current fiscal year.

Synchrony Financial Company Profile

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 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, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.