Mn Services Vermogensbeheer B.V. Has $7.50 Million Stock Holdings in Synchrony Financial (NYSE:SYF)

Mn Services Vermogensbeheer B.V. cut its position in shares of Synchrony Financial (NYSE:SYF) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,500 shares of the financial services provider’s stock after selling 7,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Synchrony Financial were worth $7,504,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Synchrony Financial by 8.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,251 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 1,205 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Synchrony Financial by 30.3% in the 1st quarter. Panagora Asset Management Inc. now owns 33,337 shares of the financial services provider’s stock worth $1,160,000 after buying an additional 7,753 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Synchrony Financial by 1.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 69,748 shares of the financial services provider’s stock worth $2,428,000 after buying an additional 1,057 shares during the period. Yousif Capital Management LLC boosted its stake in Synchrony Financial by 2.3% in the 1st quarter. Yousif Capital Management LLC now owns 101,114 shares of the financial services provider’s stock valued at $3,520,000 after buying an additional 2,310 shares in the last quarter. Finally, National Pension Service grew its position in Synchrony Financial by 0.9% in the first quarter. National Pension Service now owns 962,162 shares of the financial services provider’s stock valued at $33,493,000 after acquiring an additional 8,110 shares during the period. Institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling

In other news, insider Curtis Howse sold 6,179 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $42.82, for a total transaction of $264,584.78. Following the sale, the insider now owns 152,604 shares of the company’s stock, valued at $6,534,503.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider David P. Melito sold 7,283 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was 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 $552,995.17. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Curtis Howse sold 6,179 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $42.82, for a total value of $264,584.78. Following the transaction, the insider now owns 152,604 shares of the company’s stock, valued at $6,534,503.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,158 shares of company stock valued at $6,106,106. 0.65% of the stock is owned by company insiders.

Synchrony Financial Stock Up 0.1 %

Shares of Synchrony Financial stock opened at $40.47 on Tuesday. The business has a fifty day simple moving average of $41.08 and a 200 day simple moving average of $36.15. The stock has a market cap of $16.46 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 1.00 and a beta of 1.61. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.21. Synchrony Financial has a 12 month low of $26.59 and a 12 month high of $43.83.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.10. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate 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 company posted $1.26 EPS. Research analysts predict that Synchrony Financial will post 5.54 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Friday, February 2nd. Synchrony Financial’s payout ratio is presently 19.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Synchrony Financial from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Piper Sandler raised their price objective on shares of Synchrony Financial from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Synchrony Financial in a research note on Wednesday, January 10th. They issued a “buy” rating and a $56.00 target price for the company. StockNews.com raised Synchrony Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Finally, BMO Capital Markets lowered Synchrony Financial from an “outperform” rating to a “market perform” rating and set a $40.00 price objective on the stock. in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $41.44.

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.