Foster & Motley Inc. Buys Shares of 19,421 Synchrony Financial (NYSE:SYF)

Foster & Motley Inc. bought a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,421 shares of the financial services provider's stock, valued at approximately $742,000.

Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in Synchrony Financial in the 3rd quarter worth $35,000. Massmutual Trust Co. FSB ADV raised its position in shares of Synchrony Financial by 44.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,274 shares of the financial services provider's stock valued at $49,000 after buying an additional 390 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Synchrony Financial during the 4th quarter valued at about $55,000. Systematic Alpha Investments LLC purchased a new stake in shares of Synchrony Financial during the 3rd quarter valued at about $100,000. Finally, Private Trust Co. NA raised its position in shares of Synchrony Financial by 13.4% during the 4th quarter. Private Trust Co. NA now owns 2,711 shares of the financial services provider's stock valued at $104,000 after buying an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. BMO Capital Markets cut shares of Synchrony Financial from an "outperform" rating to a "market perform" rating and set a $40.00 target price on the stock. in a research report on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Synchrony Financial in a report on Wednesday, January 10th. They set a "buy" rating and a $56.00 price target on the stock. Evercore ISI upped their price target on shares of Synchrony Financial from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Wolfe Research upgraded shares of Synchrony Financial from an "underperform" rating to an "outperform" rating and upped their price target for the company from $36.00 to $50.00 in a report on Thursday, April 4th. Finally, Piper Sandler upped their target price on shares of Synchrony Financial from $46.00 to $48.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Synchrony Financial currently has a consensus rating of "Hold" and a consensus target price of $41.44.

Synchrony Financial Stock Up 5.1 %

NYSE:SYF traded up $2.20 during midday trading on Wednesday, reaching $45.06. 9,881,195 shares of the stock traded hands, compared to its average volume of 4,517,876. Synchrony Financial has a 12-month low of $26.59 and a 12-month high of $45.16. The business has a 50-day moving average of $41.47 and a two-hundred day moving average of $36.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $18.33 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.05 and a beta of 1.61.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.10. The business had revenue of $5.55 billion during the quarter, compared to analysts' expectations of $4.45 billion. Synchrony Financial had a net margin of 10.68% and a return on equity of 17.37%. During the same quarter last year, the company posted $1.26 earnings per share. On average, equities analysts forecast that Synchrony Financial will post 5.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Synchrony Financial news, insider Curtis Howse sold 6,179 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $42.82, for a total value of $264,584.78. Following the completion of the transaction, the insider now owns 152,604 shares of the company's stock, valued at $6,534,503.28. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider David P. Melito sold 7,283 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $38.99, for a total transaction of $283,964.17. Following the sale, the insider now owns 14,183 shares in the company, valued at $552,995.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Curtis Howse sold 6,179 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $42.82, for a total transaction of $264,584.78. Following the sale, the insider now owns 152,604 shares in the company, valued at approximately $6,534,503.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,158 shares of company stock valued at $6,106,106. Insiders own 0.65% of the company's stock.

About Synchrony Financial

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.