Vestcor Inc Has $428,000 Holdings in Synchrony Financial (NYSE:SYF)

Vestcor Inc trimmed its holdings in shares of Synchrony Financial (NYSE:SYF) by 24.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,581 shares of the financial services provider’s stock after selling 2,109 shares during the quarter. Vestcor Inc’s holdings in Synchrony Financial were worth $428,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Great Lakes Advisors LLC grew its position in shares of Synchrony Financial by 0.6% during the 4th quarter. Great Lakes Advisors LLC now owns 40,139 shares of the financial services provider’s stock worth $2,609,000 after purchasing an additional 240 shares in the last quarter. Farther Finance Advisors LLC grew its position in Synchrony Financial by 674.8% during the fourth quarter. Farther Finance Advisors LLC now owns 13,551 shares of the financial services provider’s stock worth $881,000 after buying an additional 11,802 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Synchrony Financial by 46.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 257 shares during the period. Sequoia Financial Advisors LLC increased its stake in Synchrony Financial by 19.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,432 shares of the financial services provider’s stock worth $483,000 after acquiring an additional 1,234 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Synchrony Financial by 6.5% during the 4th quarter. Citizens Financial Group Inc. RI now owns 4,624 shares of the financial services provider’s stock valued at $301,000 after acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group boosted their price target on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. The Goldman Sachs Group upped their price target on shares of Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Compass Point cut Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Tuesday, January 28th. Finally, Bank of America boosted their price target on Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.30.

Synchrony Financial Trading Up 0.3 %

Shares of NYSE SYF opened at $53.48 on Tuesday. The stock has a market cap of $20.79 billion, a P/E ratio of 6.26, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The firm has a 50 day moving average price of $63.35 and a two-hundred day moving average price of $60.24. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.87%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s payout ratio is presently 11.71%.

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.