Strategic Investment Advisors MI Sells 553 Shares of Synchrony Financial (NYSE:SYF)

Strategic Investment Advisors MI trimmed its stake in shares of Synchrony Financial (NYSE:SYF) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,958 shares of the financial services provider’s stock after selling 553 shares during the quarter. Strategic Investment Advisors MI’s holdings in Synchrony Financial were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 292 shares during the period. Quarry LP grew its stake in Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 675 shares during the period. Capital Performance Advisors LLP acquired a new stake in Synchrony Financial in the third quarter valued at approximately $50,000. Raleigh Capital Management Inc. grew its stake in Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 486 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in Synchrony Financial by 36.6% in the third quarter. Venturi Wealth Management LLC now owns 1,662 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 445 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Insider Activity

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

Synchrony Financial Stock Performance

Shares of SYF opened at $70.52 on Monday. The firm has a market cap of $27.46 billion, a PE ratio of 9.21, a PEG ratio of 0.83 and a beta of 1.64. Synchrony Financial has a 1 year low of $37.74 and a 1 year high of $70.93. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s fifty day moving average price is $66.75 and its two-hundred day moving average price is $56.81.

Synchrony Financial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SYF shares. Keefe, Bruyette & Woods raised their price objective on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Compass Point raised their target price on Synchrony Financial from $60.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. UBS Group raised their target price on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Robert W. Baird set a $62.00 target price on Synchrony Financial in a report on Thursday, October 17th. Finally, Jefferies Financial Group raised their target price on Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $67.30.

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.