Lido Advisors LLC Lowers Position in Synchrony Financial (NYSE:SYF)

Lido Advisors LLC lessened its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 75.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,306 shares of the financial services provider's stock after selling 123,796 shares during the quarter. Lido Advisors LLC's holdings in Synchrony Financial were worth $2,620,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial during the 4th quarter valued at $26,000. TCTC Holdings LLC bought a new stake in Synchrony Financial during the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd lifted its position in shares of 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 valued at $31,000 after acquiring an additional 253 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after acquiring an additional 486 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 257 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley reaffirmed an "equal weight" rating and set a $44.00 price objective (down from $82.00) on shares of Synchrony Financial in a research note on Monday, April 7th. The Goldman Sachs Group reduced their price objective on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Truist Financial decreased their price target on shares of Synchrony Financial from $65.00 to $57.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. UBS Group upped their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Finally, Cfra Research upgraded Synchrony Financial to a "hold" rating in a research report on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Synchrony Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.95.

Synchrony Financial Trading Down 0.7 %

Shares of SYF traded down $0.37 during mid-day trading on Tuesday, reaching $53.83. 594,429 shares of the company were exchanged, compared to its average volume of 3,932,849. The stock has a market capitalization of $20.49 billion, a PE ratio of 6.31, a PEG ratio of 0.71 and a beta of 1.42. The business has a 50 day simple moving average of $51.70 and a two-hundred day simple moving average of $60.26. 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 has a 52 week low of $40.55 and a 52 week high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.26. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.80 billion. On average, analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a $0.30 dividend. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. The ex-dividend date is Monday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. Synchrony Financial's dividend payout ratio (DPR) is currently 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.