Tributary Capital Management LLC Cuts Stock Position in Synchrony Financial (NYSE:SYF)

Tributary Capital Management LLC cut its holdings in shares of Synchrony Financial (NYSE:SYF) by 4.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,150 shares of the financial services provider’s stock after selling 450 shares during the period. Tributary Capital Management LLC’s holdings in Synchrony Financial were worth $595,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. CX Institutional lifted its holdings in Synchrony Financial by 4.0% in the 4th quarter. CX Institutional now owns 5,755 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 222 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Synchrony Financial by 32.5% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 33,619 shares of the financial services provider’s stock valued at $2,187,000 after buying an additional 8,251 shares during the last quarter. FCG Investment Co lifted its holdings in shares of Synchrony Financial by 4.9% in the fourth quarter. FCG Investment Co now owns 22,158 shares of the financial services provider’s stock worth $1,440,000 after buying an additional 1,039 shares in the last quarter. Yeomans Consulting Group Inc. bought a new position in shares of Synchrony Financial during the fourth quarter worth $348,000. Finally, Raleigh Capital Management Inc. grew its stake in Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 486 shares in the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

SYF has been the topic of several research analyst reports. Robert W. Baird set a $62.00 price target on shares of Synchrony Financial in a research note on Thursday, October 17th. TD Cowen boosted their target price on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. JMP Securities restated a “market outperform” rating and set a $60.00 price target on shares of Synchrony Financial in a report on Monday, October 14th. Compass Point upped 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. Finally, UBS Group raised their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.30.

Synchrony Financial Trading Up 0.1 %

Shares of NYSE SYF opened at $70.52 on Friday. Synchrony Financial has a fifty-two week low of $37.74 and a fifty-two week high of $70.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $27.46 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 0.83 and a beta of 1.64. The business’s 50 day moving average price is $66.75 and its 200-day moving average price is $56.75.

Synchrony Financial Announces Dividend

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

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.