Synchrony Financial (NYSE:SYF) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. decreased its holdings in shares of Synchrony Financial (NYSE:SYF) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,960 shares of the financial services provider’s stock after selling 382 shares during the quarter. Twin Capital Management Inc.’s holdings in Synchrony Financial were worth $1,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Delphia USA Inc. raised its stake in Synchrony Financial by 3.1% during the fourth quarter. Delphia USA Inc. now owns 9,578 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 287 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Synchrony Financial by 8.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,673 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 301 shares during the last quarter. Private Trust Co. NA grew its position in 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 worth $104,000 after purchasing an additional 320 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Synchrony Financial by 2.3% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,310 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 351 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in Synchrony Financial by 3.9% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,886 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 371 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Synchrony Financial in a research report on Wednesday, January 10th. They issued a “buy” rating and a $56.00 target price for the company. Wells Fargo & Company upped their price target on shares of Synchrony Financial from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. Bank of America upped their price target on shares of Synchrony Financial from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th. Wolfe Research upgraded shares of Synchrony Financial from an “underperform” rating to an “outperform” rating and increased their target price for the stock from $36.00 to $50.00 in a research report on Thursday, April 4th. Finally, BMO Capital Markets downgraded shares of Synchrony Financial from an “outperform” rating to a “market perform” rating and set a $40.00 target price for the company. in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.44.

Insiders Place Their Bets

In other Synchrony Financial news, insider David P. Melito sold 7,283 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $38.99, for a total value of $283,964.17. Following the sale, the insider now directly owns 14,183 shares in the company, valued at approximately $552,995.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider David P. Melito sold 7,283 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $38.99, for a total transaction of $283,964.17. Following the completion of the transaction, the insider now directly owns 14,183 shares of the company’s stock, valued at approximately $552,995.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian D. Doubles sold 134,696 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $41.26, for a total transaction of $5,557,556.96. Following the transaction, the insider now directly owns 660,353 shares of the company’s stock, valued at $27,246,164.78. The disclosure for this sale can be found here. Insiders have sold 148,158 shares of company stock worth $6,106,106 in the last ninety days. Insiders own 0.65% of the company’s stock.

Synchrony Financial Stock Performance

NYSE SYF opened at $40.80 on Friday. 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 firm has a market capitalization of $16.60 billion, a price-to-earnings ratio of 7.88, a P/E/G ratio of 0.99 and a beta of 1.61. The company’s fifty day moving average is $41.16 and its two-hundred day moving average is $36.27. Synchrony Financial has a 52-week low of $26.59 and a 52-week high of $43.83.

Synchrony Financial (NYSE:SYF) last posted its quarterly 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 company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $4.45 billion. Synchrony Financial had a net margin of 10.68% and a return on equity of 17.37%. During the same period last year, the business posted $1.26 EPS. Equities research analysts forecast that Synchrony Financial will post 5.54 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were given a $0.25 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.00 annualized dividend and a yield of 2.45%. Synchrony Financial’s dividend payout ratio is 19.31%.

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.