Jump Financial LLC Lowers Stake in Synchrony Financial (NYSE:SYF)

Jump Financial LLC lowered its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 91.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,653 shares of the financial services provider's stock after selling 81,106 shares during the quarter. Jump Financial LLC's holdings in Synchrony Financial were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Bogart Wealth LLC purchased a new position in shares of Synchrony Financial during the fourth quarter worth approximately $26,000. TCTC Holdings LLC acquired a new stake in Synchrony Financial during the 4th quarter worth $27,000. Y.D. More Investments Ltd grew its position in Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock worth $31,000 after purchasing an additional 253 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 486 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Synchrony Financial by 46.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock valued at $53,000 after buying an additional 257 shares during the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Price Performance

Synchrony Financial stock traded down $0.45 during midday trading on Wednesday, reaching $51.98. 4,112,681 shares of the company were exchanged, compared to its average volume of 3,958,204. The firm's 50-day simple moving average is $52.08 and its 200-day simple moving average is $60.23. 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 has a market capitalization of $20.21 billion, a price-to-earnings ratio of 6.09, a P/E/G ratio of 0.71 and a beta of 1.45. Synchrony Financial has a 1 year low of $40.55 and a 1 year high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 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 firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.80 billion. On average, analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, May 5th. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.31%. Synchrony Financial's dividend payout ratio (DPR) is currently 16.46%.

Analyst Upgrades and Downgrades

Several analysts have commented on SYF shares. Compass Point downgraded Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price objective for the company. in a research note on Tuesday, January 28th. UBS Group boosted their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Royal Bank of Canada lifted their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. StockNews.com cut shares of Synchrony Financial from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Bank of America lifted their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Synchrony Financial has a consensus rating of "Moderate Buy" and an average price target of $63.95.

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.