Synchrony Financial (NYSE:SYF) Stock Holdings Lessened by Kintegral Advisory LLC

Kintegral Advisory LLC cut its stake in shares of Synchrony Financial (NYSE:SYF) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,914 shares of the financial services provider’s stock after selling 928 shares during the period. Kintegral Advisory LLC’s holdings in Synchrony Financial were worth $1,294,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter valued at $26,000. Larson Financial Group LLC raised its holdings in shares of 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 acquiring an additional 292 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 253 shares in the last quarter. Quarry LP boosted its position in Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 675 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Synchrony Financial in the third quarter valued at about $50,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Down 3.9 %

SYF opened at $61.35 on Friday. The business has a 50 day moving average of $66.56 and a 200-day moving average of $59.17. The stock has a market capitalization of $23.85 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 0.71 and a beta of 1.63. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 1-year low of $39.35 and a 1-year high of $70.93.

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

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial raised their price target on Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Evercore ISI lifted their target price on shares of Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $59.00 to $72.00 in a report on Monday, December 9th. 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.30.

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.