Synchrony Financial (NYSE:SYF) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division trimmed its position in Synchrony Financial (NYSE:SYFGet Rating) by 44.8% during the second quarter, Holdings Channel.com reports. The firm owned 18,044 shares of the financial services provider’s stock after selling 14,631 shares during the period. Moody National Bank Trust Division’s holdings in Synchrony Financial were worth $499,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Norinchukin Bank The grew its position in shares of Synchrony Financial by 19.7% in the 1st quarter. Norinchukin Bank The now owns 21,648 shares of the financial services provider’s stock valued at $754,000 after buying an additional 3,563 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of Synchrony Financial in the 1st quarter valued at $145,000. Quantitative Investment Management LLC purchased a new position in Synchrony Financial during the 1st quarter worth $1,275,000. Stanley Laman Group Ltd. grew its position in Synchrony Financial by 9.5% during the 1st quarter. Stanley Laman Group Ltd. now owns 72,070 shares of the financial services provider’s stock worth $2,509,000 after purchasing an additional 6,257 shares during the last quarter. Finally, Forsta AP Fonden grew its position in Synchrony Financial by 1.0% during the 1st quarter. Forsta AP Fonden now owns 146,200 shares of the financial services provider’s stock worth $5,089,000 after purchasing an additional 1,400 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Stock Down 0.3 %

Shares of NYSE SYF opened at $32.51 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. Synchrony Financial has a 52 week low of $27.22 and a 52 week high of $52.49. The firm has a 50-day moving average price of $33.11 and a 200 day moving average price of $34.17. The stock has a market capitalization of $15.66 billion, a price-to-earnings ratio of 4.75, a price-to-earnings-growth ratio of 0.24 and a beta of 1.56.

Synchrony Financial (NYSE:SYFGet Rating) last announced its quarterly earnings data on Monday, July 18th. The financial services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.43 by $0.17. Synchrony Financial had a net margin of 22.76% and a return on equity of 27.06%. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the business earned $2.12 earnings per share. Equities research analysts anticipate that Synchrony Financial will post 5.79 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 1st were paid a $0.23 dividend. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, July 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.83%. Synchrony Financial’s dividend payout ratio (DPR) is 13.43%.

Wall Street Analyst Weigh In

SYF has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Synchrony Financial from $59.00 to $46.00 in a research report on Monday, July 11th. TheStreet downgraded shares of Synchrony Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, July 19th. Piper Sandler set a $41.00 price objective on shares of Synchrony Financial in a research report on Tuesday, July 19th. JMP Securities lowered their price objective on shares of Synchrony Financial from $50.00 to $40.00 and set a “market outperform” rating on the stock in a research report on Friday, July 15th. Finally, Morgan Stanley lowered their price objective on shares of Synchrony Financial from $40.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.00.

About Synchrony Financial

(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

Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYFGet Rating).

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

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