Kintegral Advisory LLC Trims Stock Position in Synchrony Financial (NYSE:SYF)

Kintegral Advisory LLC lowered its position in Synchrony Financial (NYSE:SYF - Free Report) by 32.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,361 shares of the financial services provider's stock after selling 6,553 shares during the period. Kintegral Advisory LLC's holdings in Synchrony Financial were worth $707,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Synchrony Financial by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 9,963,573 shares of the financial services provider's stock valued at $650,678,000 after purchasing an additional 205,641 shares during the last quarter. Norges Bank purchased a new position in shares of Synchrony Financial during the fourth quarter valued at about $347,903,000. Northern Trust Corp grew its position in shares of Synchrony Financial by 26.7% during the fourth quarter. Northern Trust Corp now owns 5,183,717 shares of the financial services provider's stock valued at $336,942,000 after purchasing an additional 1,093,922 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Synchrony Financial by 9.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,576,854 shares of the financial services provider's stock valued at $297,496,000 after purchasing an additional 382,194 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Synchrony Financial by 15.1% during the fourth quarter. Ameriprise Financial Inc. now owns 3,602,422 shares of the financial services provider's stock valued at $234,157,000 after purchasing an additional 471,958 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI cut their price objective on Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Cfra Research upgraded Synchrony Financial to a "hold" rating in a research report on Tuesday, April 22nd. The Goldman Sachs Group raised their price objective on Synchrony Financial from $70.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday. Wall Street Zen upgraded Synchrony Financial from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, Morgan Stanley restated an "equal weight" rating and set a $44.00 price objective (down previously from $82.00) on shares of Synchrony Financial in a research report on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.78.

Insider Activity

In other Synchrony Financial news, insider Jonathan S. Mothner sold 40,639 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $60.07, for a total value of $2,441,184.73. Following the completion of the sale, the insider owned 146,628 shares of the company's stock, valued at $8,807,943.96. This trade represents a 21.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Curtis Howse sold 11,380 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $65.00, for a total transaction of $739,700.00. Following the transaction, 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 disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Synchrony Financial Trading Up 1.1%

NYSE SYF traded up $0.78 during trading on Friday, hitting $70.25. The stock had a trading volume of 2,265,856 shares, compared to its average volume of 3,873,087. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $26.74 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 0.73 and a beta of 1.46. Synchrony Financial has a one year low of $40.55 and a one year high of $70.93. The stock has a 50 day simple moving average of $59.89 and a 200 day simple moving average of $59.52.

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

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.20 annualized dividend and a yield of 1.71%. This is an increase from Synchrony Financial's previous quarterly dividend of $0.25. Synchrony Financial's dividend payout ratio (DPR) is presently 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.