Synchrony Financial (NYSE:SYF) Stock Position Lowered by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC decreased its position in Synchrony Financial (NYSE:SYF) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,092 shares of the financial services provider’s stock after selling 389 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Synchrony Financial were worth $331,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SYF. Apollon Wealth Management LLC raised its position in Synchrony Financial by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 160 shares in the last quarter. Gladstone Institutional Advisory LLC raised its holdings in shares of Synchrony Financial by 1.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock worth $604,000 after purchasing an additional 176 shares in the last quarter. Graypoint LLC raised its holdings in shares of Synchrony Financial by 4.0% in the 3rd quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 181 shares in the last quarter. Wedmont Private Capital lifted its stake in Synchrony Financial by 2.6% during the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 192 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in Synchrony Financial by 1.3% during the third quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock worth $773,000 after buying an additional 204 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $59.12 on Friday. The firm has a market cap of $22.98 billion, a price-to-earnings ratio of 6.92, a P/E/G ratio of 0.71 and a beta of 1.63. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $66.06 and a 200 day simple moving average of $59.47.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, sell-side analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SYF. Keefe, Bruyette & Woods upped their price target on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Morgan Stanley raised Synchrony Financial from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their price target for the company from $59.00 to $72.00 in a research report on Monday, December 9th. UBS Group boosted their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.30.

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.