Orion Portfolio Solutions LLC Has $1.58 Million Stock Position in Synchrony Financial (NYSE:SYF)

Orion Portfolio Solutions LLC reduced its holdings in Synchrony Financial (NYSE:SYF) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,673 shares of the financial services provider’s stock after selling 818 shares during the period. Orion Portfolio Solutions LLC’s holdings in Synchrony Financial were worth $1,580,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its stake in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of Synchrony Financial in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of Synchrony Financial during the 2nd quarter worth approximately $33,000. WR Wealth Planners LLC increased its position in shares of Synchrony Financial by 83.6% during the second quarter. WR Wealth Planners LLC now owns 716 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 326 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Synchrony Financial during the second quarter valued at approximately $39,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SYF shares. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. The Goldman Sachs Group raised their target price on Synchrony Financial from $64.00 to $72.50 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Compass Point upped their price target on Synchrony Financial from $60.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays lifted their price objective on Synchrony Financial from $49.00 to $59.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Evercore ISI upped their target price on shares of Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and an average target price of $61.53.

Synchrony Financial Stock Down 0.7 %

Shares of NYSE:SYF opened at $68.05 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $26.49 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.82 and a beta of 1.63. The company has a 50 day moving average of $61.22 and a 200-day moving average of $52.12. Synchrony Financial has a one year low of $35.29 and a one year high of $69.39.

Synchrony Financial (NYSE:SYF) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.17. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 EPS. On average, sell-side analysts forecast that Synchrony Financial will post 6.51 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, November 4th. Synchrony Financial’s payout ratio 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.