Synchrony Financial (NYSE:SYF) Stock Position Raised by Kathmere Capital Management LLC

Kathmere Capital Management LLC lifted its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 44.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,585 shares of the financial services provider's stock after buying an additional 3,844 shares during the period. Kathmere Capital Management LLC's holdings in Synchrony Financial were worth $666,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SYF. Atria Investments Inc grew its position in shares of Synchrony Financial by 15.0% during the 4th quarter. Atria Investments Inc now owns 7,655 shares of the financial services provider's stock valued at $498,000 after buying an additional 996 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Synchrony Financial during the 4th quarter valued at about $10,530,000. Independent Advisor Alliance grew its position in shares of Synchrony Financial by 12.8% during the 4th quarter. Independent Advisor Alliance now owns 14,410 shares of the financial services provider's stock valued at $937,000 after buying an additional 1,633 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Synchrony Financial by 19.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,432 shares of the financial services provider's stock worth $483,000 after purchasing an additional 1,234 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Synchrony Financial by 46.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock worth $53,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 96.48% of the company's stock.

Analyst Ratings Changes

SYF has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on shares of Synchrony Financial from $70.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Evercore ISI decreased their target price on shares of Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Truist Financial upped their target price on shares of Synchrony Financial from $63.00 to $68.00 and gave the stock a "hold" rating in a research report on Friday, June 13th. Finally, Cfra Research upgraded shares of Synchrony Financial to a "hold" rating in a research report on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.00.

Insider Buying and Selling

In related news, insider Curtis Howse sold 11,380 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total transaction of $739,700.00. Following the completion of the sale, the insider directly owned 108,062 shares in the company, valued at approximately $7,024,030. This trade represents a 9.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jonathan S. Mothner sold 40,639 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $60.07, for a total transaction of $2,441,184.73. Following the sale, the insider owned 146,628 shares of the company's stock, valued at $8,807,943.96. The trade was a 21.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.32% of the company's stock.

Synchrony Financial Price Performance

Shares of Synchrony Financial stock traded down $0.58 on Friday, hitting $70.56. The company had a trading volume of 2,911,579 shares, compared to its average volume of 3,881,675. The business has a 50-day simple moving average of $61.65 and a 200-day simple moving average of $59.67. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $26.86 billion, a PE ratio of 9.68, a PEG ratio of 0.73 and a beta of 1.46. Synchrony Financial has a 52 week low of $40.55 and a 52 week high of $71.88.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.26. The business had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.80 billion. Synchrony Financial had a net margin of 13.00% and a return on equity of 19.68%. Research analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 5th. Synchrony Financial's dividend payout ratio (DPR) is presently 16.46%.

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.