Impact Partnership Wealth LLC Decreases Holdings in Synchrony Financial (NYSE:SYF)

Impact Partnership Wealth LLC decreased its stake in Synchrony Financial (NYSE:SYF) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,879 shares of the financial services provider’s stock after selling 260 shares during the period. Impact Partnership Wealth LLC’s holdings in Synchrony Financial were worth $512,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC increased its holdings in Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 292 shares during the last quarter. Quarry LP lifted its position in shares of Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 675 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Synchrony Financial in the third quarter worth $50,000. Raleigh Capital Management Inc. lifted its holdings in 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 purchasing an additional 486 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Synchrony Financial by 36.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,662 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 445 shares during the period. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Trading Down 0.1 %

Shares of NYSE:SYF opened at $70.39 on Friday. The stock has a 50 day moving average of $66.53 and a 200 day moving average of $56.49. The company has a market cap of $27.41 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 0.83 and a beta of 1.64. Synchrony Financial has a 12-month low of $37.64 and a 12-month high of $70.93. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. Synchrony Financial’s dividend payout ratio (DPR) is presently 13.05%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Synchrony Financial from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. TD Cowen lifted their price objective on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Compass Point increased their price objective on Synchrony Financial from $60.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and a consensus price target of $65.45.

Insider Activity

In other Synchrony Financial news, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the sale, the insider now directly owns 99,743 shares in the company, valued at $5,498,831.59. This represents a 18.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.99, for a total value of $2,220,253.37. Following the sale, the insider now owns 127,587 shares in the company, valued at $8,291,879.13. The trade was a 21.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% 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.