Synchrony Financial (NYSE:SYF) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,384,091 shares of the financial services provider's stock after purchasing an additional 116,458 shares during the quarter. Victory Capital Management Inc. owned approximately 0.58% of Synchrony Financial worth $91,048,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SYF. Exchange Traded Concepts LLC purchased a new stake in shares of Synchrony Financial during the third quarter worth about $35,000. Massmutual Trust Co. FSB ADV raised its holdings 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 worth $49,000 after acquiring an additional 390 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of Synchrony Financial during the 4th quarter valued at approximately $55,000. Systematic Alpha Investments LLC purchased a new position in shares of Synchrony Financial in the third quarter valued at $100,000. Finally, Private Trust Co. NA increased its position in Synchrony Financial by 13.4% in the fourth quarter. Private Trust Co. NA now owns 2,711 shares of the financial services provider's stock worth $104,000 after purchasing an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

Insiders Place Their Bets

In other Synchrony Financial news, insider Curtis Howse sold 6,179 shares of the company's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $42.82, for a total transaction of $264,584.78. Following the completion of the sale, the insider now owns 152,604 shares in the company, valued at $6,534,503.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Synchrony Financial news, insider Curtis Howse sold 6,179 shares of the company's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $42.82, for a total transaction of $264,584.78. Following the completion of the sale, the insider now owns 152,604 shares in the company, valued at $6,534,503.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian D. Doubles sold 134,696 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $41.26, for a total value of $5,557,556.96. Following the sale, the insider now owns 660,353 shares of the company's stock, valued at approximately $27,246,164.78. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

Synchrony Financial Trading Up 1.3 %

Shares of NYSE SYF traded up $0.60 during trading hours on Friday, reaching $45.60. The stock had a trading volume of 3,485,300 shares, compared to its average volume of 4,323,139. Synchrony Financial has a 52-week low of $26.59 and a 52-week high of $45.91. The firm has a market cap of $18.31 billion, a price-to-earnings ratio of 6.54, a P/E/G ratio of 1.11 and a beta of 1.58. The business's fifty day moving average price is $42.15 and its two-hundred day moving average price is $37.39. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 1.15.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.19). Synchrony Financial had a return on equity of 16.01% and a net margin of 13.49%. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the company earned $1.35 EPS. Analysts expect that Synchrony Financial will post 5.62 EPS for the current fiscal year.

Synchrony Financial announced that its Board of Directors has approved a stock repurchase plan on Wednesday, April 24th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 5.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.19%. Synchrony Financial's dividend payout ratio is currently 14.35%.

Analysts Set New Price Targets

SYF has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Synchrony Financial from $42.00 to $46.00 and gave the stock a "neutral" rating in a research note on Thursday, April 25th. Keefe, Bruyette & Woods raised Synchrony Financial from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $45.00 to $62.00 in a research note on Thursday. Oppenheimer reaffirmed a "market perform" rating on shares of Synchrony Financial in a research note on Wednesday, March 6th. Piper Sandler boosted their target price on Synchrony Financial from $46.00 to $48.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. Finally, Bank of America raised their price target on Synchrony Financial from $43.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $43.74.

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.