Diversified Trust Co Has $278,000 Stock Holdings in Synchrony Financial $SYF

Diversified Trust Co decreased its position in shares of Synchrony Financial (NYSE:SYF) by 89.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,907 shares of the financial services provider’s stock after selling 31,780 shares during the period. Diversified Trust Co’s holdings in Synchrony Financial were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SYF. Parkside Financial Bank & Trust raised its holdings in Synchrony Financial by 15.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,106 shares of the financial services provider’s stock valued at $74,000 after buying an additional 145 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Synchrony Financial by 3.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 5,027 shares of the financial services provider’s stock worth $333,000 after buying an additional 149 shares during the period. Blue Trust Inc. grew its position in shares of Synchrony Financial by 5.5% in the second quarter. Blue Trust Inc. now owns 3,168 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 166 shares during the last quarter. MAI Capital Management increased its position in Synchrony Financial by 36.3% in the 1st quarter. MAI Capital Management now owns 627 shares of the financial services provider’s stock worth $33,000 after buying an additional 167 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in Synchrony Financial by 6.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,240 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 183 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Activity

In other Synchrony Financial news, insider Darrell Owens sold 2,989 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $74.02, for a total transaction of $221,245.78. Following the completion of the transaction, the insider owned 16,096 shares in the company, valued at approximately $1,191,425.92. This trade represents a 15.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arthur W. Coviello, Jr. sold 8,000 shares of Synchrony Financial stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $73.93, for a total value of $591,440.00. Following the completion of the sale, the director owned 35,769 shares of the company’s stock, valued at approximately $2,644,402.17. The trade was a 18.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 55,075 shares of company stock valued at $4,036,892 over the last quarter. 0.33% of the stock is owned by corporate insiders.

Synchrony Financial Stock Performance

Shares of SYF opened at $84.63 on Monday. The firm’s 50 day moving average price is $78.63 and its two-hundred day moving average price is $74.08. The firm has a market cap of $30.48 billion, a P/E ratio of 9.24, a PEG ratio of 0.59 and a beta of 1.43. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a twelve month low of $40.54 and a twelve month high of $86.48.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.64. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.79 billion. Synchrony Financial had a net margin of 15.84% and a return on equity of 22.96%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. On average, analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 3.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Wednesday, November 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, November 5th. Synchrony Financial’s payout ratio is 13.10%.

Analyst Upgrades and Downgrades

SYF has been the topic of several analyst reports. Truist Financial boosted their price target on shares of Synchrony Financial from $78.00 to $92.00 and gave the company a “hold” rating in a report on Monday, December 22nd. BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of Synchrony Financial in a research note on Thursday, October 16th. JMP Securities increased their price target on Synchrony Financial from $77.00 to $88.00 and gave the stock a “market outperform” rating in a research report on Thursday, September 25th. Baird R W downgraded Synchrony Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Evercore ISI boosted their price objective on Synchrony Financial from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

Synchrony Financial Company Profile

Synchrony Financial (NYSE: SYF) is a consumer financial services company that specializes in providing point-of-sale financing and private-label, co-branded and branded credit card programs. The company serves as a payments and lending partner to retailers, digital merchants and service providers, offering consumer financing solutions designed to drive customer engagement and sales. Synchrony also operates a direct bank that offers deposit products, including savings accounts and certificates of deposit, which support its funding and customer-facing product suite.

Its core product set includes private-label and co-branded credit cards, general-purpose credit cards, installment loan programs and promotional financing options that are integrated into merchants’ checkout experiences.