Balyasny Asset Management L.P. Has $958,000 Position in Synchrony Financial (NYSE:SYF)

Balyasny Asset Management L.P. lowered its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 60.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,738 shares of the financial services provider's stock after selling 22,308 shares during the period. Balyasny Asset Management L.P.'s holdings in Synchrony Financial were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new position in shares of Synchrony Financial during the fourth quarter worth approximately $452,000. Asset Management One Co. Ltd. increased its stake in shares of Synchrony Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider's stock worth $11,787,000 after purchasing an additional 12,492 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Synchrony Financial during the fourth quarter worth approximately $57,000. Summit Trail Advisors LLC bought a new position in shares of Synchrony Financial during the fourth quarter worth approximately $423,000. Finally, NEOS Investment Management LLC increased its stake in shares of Synchrony Financial by 31.4% during the fourth quarter. NEOS Investment Management LLC now owns 25,622 shares of the financial services provider's stock worth $1,665,000 after purchasing an additional 6,120 shares during the period. Institutional investors own 96.48% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SYF shares. Evercore ISI reduced their price target on Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada increased their price target on Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. Bank of America increased their price target on Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $44.00 price target (down previously from $82.00) on shares of Synchrony Financial in a research report on Monday, April 7th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.95.

Synchrony Financial Price Performance

Shares of SYF traded up $0.39 during trading hours on Friday, reaching $60.88. The stock had a trading volume of 4,101,646 shares, compared to its average volume of 3,941,146. Synchrony Financial has a 12 month low of $40.55 and a 12 month high of $70.93. The stock has a market capitalization of $23.17 billion, a PE ratio of 7.13, a PEG ratio of 0.71 and a beta of 1.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The company's 50-day moving average is $52.10 and its two-hundred day moving average is $60.38.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.26. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.80 billion. Research analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.30 dividend. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, May 5th. Synchrony Financial's payout ratio is currently 16.46%.

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.