Synchrony Financial (NYSE:SYF) Holdings Trimmed by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its position in shares of Synchrony Financial (NYSE:SYF) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,358 shares of the financial services provider’s stock after selling 502 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Synchrony Financial were worth $281,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Duality Advisers LP boosted its stake in Synchrony Financial by 6.5% during the fourth quarter. Duality Advisers LP now owns 150,098 shares of the financial services provider’s stock valued at $5,732,000 after buying an additional 9,163 shares in the last quarter. Foundry Partners LLC purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at $221,000. OLD National Bancorp IN purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at $306,000. Handelsbanken Fonder AB lifted its holdings in shares of Synchrony Financial by 14.4% during the fourth quarter. Handelsbanken Fonder AB now owns 37,281 shares of the financial services provider’s stock valued at $1,424,000 after purchasing an additional 4,694 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Synchrony Financial by 32.9% during the fourth quarter. CWM LLC now owns 10,529 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 2,606 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Curtis Howse sold 6,179 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $42.82, for a total value of $264,584.78. Following the sale, the insider now owns 152,604 shares of the company’s stock, valued at approximately $6,534,503.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Brian D. Doubles sold 134,696 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $41.26, for a total value of $5,557,556.96. Following the completion of the transaction, the insider now owns 660,353 shares in the company, valued at approximately $27,246,164.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Curtis Howse sold 6,179 shares of the 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 completion of the transaction, the insider now owns 152,604 shares of the company’s stock, valued at approximately $6,534,503.28. The disclosure for this sale can be found here. Insiders have sold 148,158 shares of company stock valued at $6,106,106 in the last 90 days. 0.65% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SYF. Evercore ISI upped their target price on Synchrony Financial from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Bank of America upped their target price on Synchrony Financial from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Morgan Stanley reaffirmed an “underweight” rating and set a $30.00 target price on shares of Synchrony Financial in a report on Thursday, February 8th. JMP Securities upped their target price on Synchrony Financial from $35.00 to $42.00 and gave the company a “market outperform” rating in a report on Friday, January 12th. Finally, JPMorgan Chase & Co. increased their price objective on Synchrony Financial from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.44.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $45.06 on Thursday. 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 firm has a market cap of $18.33 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 1.06 and a beta of 1.61. The business’s 50-day simple moving average is $41.47 and its 200-day simple moving average is $36.70. Synchrony Financial has a 52 week low of $26.59 and a 52 week high of $45.16.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.10. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $4.45 billion. Synchrony Financial had a return on equity of 17.37% and a net margin of 10.68%. During the same quarter in the prior year, the firm posted $1.26 EPS. As a group, equities research analysts expect that Synchrony Financial will post 5.57 earnings per share for the current fiscal year.

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.