Synchrony Financial (NYSE:SYF) Stock Holdings Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in Synchrony Financial (NYSE:SYF) by 76.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,680 shares of the financial services provider’s stock after buying an additional 48,382 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Synchrony Financial were worth $7,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. raised its holdings in shares of Synchrony Financial by 16.5% during the fourth quarter. Atomi Financial Group Inc. now owns 5,689 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 807 shares in the last quarter. UMB Bank n.a. increased its position in Synchrony Financial by 19.0% in the 4th quarter. UMB Bank n.a. now owns 2,334 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 373 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Synchrony Financial during the 4th quarter worth about $2,331,000. Premier Path Wealth Partners LLC grew its stake in shares of Synchrony Financial by 8.7% in the 4th quarter. Premier Path Wealth Partners LLC now owns 5,266 shares of the financial services provider’s stock valued at $342,000 after buying an additional 423 shares in the last quarter. Finally, Lake Street Private Wealth LLC increased its holdings in Synchrony Financial by 9.3% in the fourth quarter. Lake Street Private Wealth LLC now owns 5,404 shares of the financial services provider’s stock worth $351,000 after buying an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling at Synchrony Financial

In other news, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $55.13, for a total value of $1,209,221.42. Following the sale, the insider now owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This represents a 18.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the transaction, the insider now directly owns 127,587 shares of the company’s stock, valued at $8,291,879.13. This represents a 21.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada boosted their target price on shares of Synchrony Financial from $55.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. Compass Point increased their target price on shares of Synchrony Financial from $60.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. TD Cowen boosted their price target on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. JMP Securities reissued a “market outperform” rating and set a $60.00 price objective on shares of Synchrony Financial in a report on Monday, October 14th. Finally, StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.30.

Synchrony Financial Stock Up 0.1 %

Shares of SYF opened at $70.52 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $66.64 and a two-hundred day moving average price of $56.59. The stock has a market cap of $27.46 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.83 and a beta of 1.64. Synchrony Financial has a 12 month low of $37.74 and a 12 month high of $70.93.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, February 3rd. Synchrony Financial’s dividend payout ratio is 13.05%.

About Synchrony Financial

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.