Foster & Motley Inc. Takes $742,000 Position in Synchrony Financial (NYSE:SYF)

Foster & Motley Inc. purchased a new position in shares of Synchrony Financial (NYSE:SYF) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 19,421 shares of the financial services provider’s stock, valued at approximately $742,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in Synchrony Financial in the 3rd quarter valued at $35,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Synchrony Financial by 44.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,274 shares of the financial services provider’s stock worth $49,000 after buying an additional 390 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Synchrony Financial during the 4th quarter worth about $55,000. Systematic Alpha Investments LLC acquired a new position in Synchrony Financial in the 3rd quarter valued at about $100,000. Finally, Private Trust Co. NA raised its holdings 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 valued at $104,000 after acquiring an additional 320 shares during the period. Institutional investors own 96.48% of the company’s stock.

Insider Transactions at Synchrony Financial

In related news, insider Curtis Howse sold 6,179 shares of the 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 transaction, the insider now owns 152,604 shares of the company’s stock, valued at approximately $6,534,503.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Curtis Howse sold 6,179 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $6,534,503.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian D. Doubles sold 134,696 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $41.26, for a total value of $5,557,556.96. Following the completion of the transaction, the insider now owns 660,353 shares of the company’s stock, valued at $27,246,164.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,158 shares of company stock valued at $6,106,106. 0.65% of the stock is currently owned by insiders.

Synchrony Financial Stock Up 1.7 %

NYSE SYF opened at $42.88 on Wednesday. Synchrony Financial has a fifty-two week low of $26.59 and a fifty-two week high of $43.83. The business has a fifty day moving average price of $41.35 and a two-hundred day moving average price of $36.64. 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 $17.44 billion, a PE ratio of 8.28, a PEG ratio of 1.05 and a beta of 1.61.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.03 earnings per share for the quarter, beating 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 period last year, the firm posted $1.26 earnings per share. Equities analysts expect that Synchrony Financial will post 5.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SYF has been the subject of a number of research analyst reports. Barclays boosted their price objective on Synchrony Financial from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. upped their price objective on Synchrony Financial from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Bank of America increased their price objective on Synchrony Financial from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Piper Sandler boosted their target price on shares of Synchrony Financial from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Finally, BMO Capital Markets lowered shares of Synchrony Financial from an “outperform” rating to a “market perform” rating and set a $40.00 price target on the stock. in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Hold” and a consensus target price 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.