KBC Group NV Sells 201,758 Shares of Synchrony Financial (NYSE:SYF)

KBC Group NV reduced its holdings in shares of Synchrony Financial (NYSE:SYF) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,101,591 shares of the financial services provider’s stock after selling 201,758 shares during the period. KBC Group NV owned about 0.28% of Synchrony Financial worth $71,604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in shares of Synchrony Financial during the 2nd quarter worth about $444,000. MBB Public Markets I LLC bought a new stake in Synchrony Financial during the second quarter worth about $1,477,000. Lighthouse Investment Partners LLC acquired a new stake in shares of Synchrony Financial during the second quarter worth approximately $369,000. Kathmere Capital Management LLC raised its stake in shares of Synchrony Financial by 22.2% in the second quarter. Kathmere Capital Management LLC now owns 6,302 shares of the financial services provider’s stock valued at $297,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Ascent Group LLC boosted its holdings in shares of Synchrony Financial by 26.0% in the 2nd quarter. Ascent Group LLC now owns 39,878 shares of the financial services provider’s stock worth $1,882,000 after acquiring an additional 8,219 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the sale, the insider now directly owns 99,743 shares of the company’s stock, valued at $5,498,831.59. The trade was a 18.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jonathan S. Mothner sold 34,163 shares of the company’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 sale, the insider now owns 127,587 shares in the company, valued at $8,291,879.13. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $70.52 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. Synchrony Financial has a 52 week low of $37.74 and a 52 week high of $70.93. The company’s 50 day moving average price is $66.75 and its two-hundred day moving average price is $56.81. The company has a market capitalization of $27.46 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.64.

Synchrony Financial Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SYF shares. The Goldman Sachs Group raised their price target on Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. Truist Financial initiated coverage on shares of Synchrony Financial in a research report on Tuesday, January 7th. They set a “hold” rating and a $72.00 price target on the stock. Compass Point increased their price objective on shares of Synchrony Financial from $60.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group boosted their target price on shares of Synchrony Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.30.

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.