Vident Advisory LLC Sells 50,101 Shares of Synchrony Financial (NYSE:SYF)

Vident Advisory LLC lessened its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 85.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,478 shares of the financial services provider's stock after selling 50,101 shares during the period. Vident Advisory LLC's holdings in Synchrony Financial were worth $551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter worth $26,000. TCTC Holdings LLC purchased a new stake in shares of Synchrony Financial during the fourth quarter worth $27,000. Y.D. More Investments Ltd raised its holdings in shares of Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock worth $31,000 after acquiring an additional 253 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of Synchrony Financial during the fourth quarter worth $38,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Synchrony Financial by 46.5% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 40,639 shares of Synchrony Financial 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 now directly owns 146,628 shares of the company's stock, valued at approximately $8,807,943.96. The trade was a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.33% of the company's stock.

Synchrony Financial Stock Performance

Shares of NYSE:SYF traded down $0.62 during midday trading on Friday, hitting $57.63. The company's stock had a trading volume of 5,392,644 shares, compared to its average volume of 3,920,580. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.71 and a beta of 1.42. The stock's 50 day simple moving average is $52.94 and its 200 day simple moving average is $60.15. Synchrony Financial has a fifty-two week low of $40.55 and a fifty-two week high of $70.93. 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 (NYSE:SYF - Get Free Report) last issued its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $3.80 billion. As a group, research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a dividend of $0.30 per share. The ex-dividend date was Monday, May 5th. This is an increase from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.08%. Synchrony Financial's dividend payout ratio (DPR) is 16.46%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SYF shares. Wall Street Zen upgraded Synchrony Financial from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Cfra Research upgraded Synchrony Financial to a "hold" rating in a report on Tuesday, April 22nd. Truist Financial cut their price objective on Synchrony Financial from $65.00 to $57.00 and set a "hold" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group cut their price objective on Synchrony Financial from $82.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Finally, 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 report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Synchrony Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.95.

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.