State of New Jersey Common Pension Fund D Has $7.07 Million Holdings in Synchrony Financial (NYSE:SYF)

State of New Jersey Common Pension Fund D reduced its stake in shares of Synchrony Financial (NYSE:SYFFree Report) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,352 shares of the financial services provider’s stock after selling 11,768 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Synchrony Financial worth $7,072,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. HighTower Advisors LLC grew its holdings in shares of Synchrony Financial by 7.8% during the third quarter. HighTower Advisors LLC now owns 30,198 shares of the financial services provider’s stock worth $921,000 after purchasing an additional 2,184 shares during the last quarter. Pathstone Family Office LLC grew its holdings in shares of Synchrony Financial by 65.7% during the third quarter. Pathstone Family Office LLC now owns 14,076 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 5,579 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Synchrony Financial by 7.8% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 44,948 shares of the financial services provider’s stock worth $1,374,000 after purchasing an additional 3,271 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Synchrony Financial by 28.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 68,047 shares of the financial services provider’s stock worth $2,080,000 after purchasing an additional 14,927 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Synchrony Financial by 5.6% during the third quarter. Van ECK Associates Corp now owns 13,703 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 729 shares during the last quarter. Institutional investors own 94.72% of the company’s stock.

Insider Transactions at Synchrony Financial

In other news, insider David P. Melito sold 7,283 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $38.99, for a total transaction of $283,964.17. Following the sale, the insider now owns 14,183 shares of the company’s stock, valued at $552,995.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Bart Schaller sold 4,644 shares of Synchrony Financial stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $37.50, for a total value of $174,150.00. Following the sale, the insider now owns 60,266 shares of the company’s stock, valued at approximately $2,259,975. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David P. Melito sold 7,283 shares of Synchrony Financial stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $38.99, for a total value of $283,964.17. Following the completion of the sale, the insider now directly owns 14,183 shares in the company, valued at approximately $552,995.17. The disclosure for this sale can be found here. Insiders have sold a total of 12,460 shares of company stock valued at $477,302 over the last 90 days. 0.65% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. TD Cowen assumed coverage on Synchrony Financial in a report on Wednesday, November 1st. They set an “outperform” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Synchrony Financial from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, October 17th. Barclays started coverage on Synchrony Financial in a report on Wednesday, November 15th. They issued an “equal weight” rating and a $31.00 price target on the stock. Piper Sandler raised their price target on Synchrony Financial from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group raised their price target on Synchrony Financial from $35.00 to $40.00 and gave the company a “buy” rating in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.72.

Check Out Our Latest Stock Analysis on Synchrony Financial

Synchrony Financial Trading Up 2.1 %

NYSE:SYF opened at $39.53 on Tuesday. Synchrony Financial has a 1-year low of $26.59 and a 1-year high of $39.88. The business’s 50-day moving average price is $37.68 and its two-hundred day moving average price is $33.42. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 0.91 and a beta of 1.62.

Synchrony Financial (NYSE:SYFGet Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. The company 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 last year, the firm posted $1.26 earnings per share. On average, equities analysts expect that Synchrony Financial will post 5.83 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, February 2nd. Synchrony Financial’s dividend payout ratio is currently 19.31%.

Synchrony Financial Company Profile

(Free Report)

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 cards, 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 to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms.

Recommended Stories

Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.