Synchrony Financial (NYSE:SYF) Shares Sold by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF) by 21.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,891 shares of the financial services provider’s stock after selling 4,253 shares during the period. Alpha DNA Investment Management LLC’s holdings in Synchrony Financial were worth $793,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Round Hill Asset Management grew its holdings in Synchrony Financial by 0.9% during the 3rd quarter. Round Hill Asset Management now owns 67,108 shares of the financial services provider’s stock valued at $3,347,000 after buying an additional 566 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 292 shares in the last quarter. Swedbank AB boosted its stake in shares of Synchrony Financial by 0.3% during the third quarter. Swedbank AB now owns 99,773 shares of the financial services provider’s stock valued at $4,977,000 after acquiring an additional 312 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in Synchrony Financial during the 3rd quarter worth about $550,000. Finally, Cerity Partners LLC raised its stake in Synchrony Financial by 40.2% in the 3rd quarter. Cerity Partners LLC now owns 129,422 shares of the financial services provider’s stock valued at $6,456,000 after purchasing an additional 37,101 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 34,163 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Curtis Howse sold 21,934 shares of the business’s stock in a transaction on 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 owns 99,743 shares in the company, valued at $5,498,831.59. This represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SYF. StockNews.com raised shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. TD Cowen raised their target price on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. BTIG Research downgraded Synchrony Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. The Goldman Sachs Group increased their price target on Synchrony Financial from $64.00 to $72.50 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Bank of America raised Synchrony Financial from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.43.

Synchrony Financial Trading Up 1.3 %

Shares of SYF stock opened at $65.99 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. Synchrony Financial has a fifty-two week low of $29.15 and a fifty-two week high of $67.76. The firm’s 50 day moving average price is $55.81 and its two-hundred day moving average price is $49.75. The stock has a market cap of $25.69 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59.

Synchrony Financial (NYSE:SYF) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.17. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the firm posted $1.48 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts anticipate that Synchrony Financial will post 6.52 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, November 4th. Synchrony Financial’s dividend payout ratio is presently 13.05%.

Synchrony Financial 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.