Achmea Investment Management B.V. Increases Stock Position in Synchrony Financial (NYSE:SYF)

Achmea Investment Management B.V. lifted its position in Synchrony Financial (NYSE:SYF - Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,882 shares of the financial services provider's stock after purchasing an additional 9,804 shares during the quarter. Achmea Investment Management B.V.'s holdings in Synchrony Financial were worth $7,663,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SYF. Bogart Wealth LLC purchased a new position in Synchrony Financial during the fourth quarter worth about $26,000. Larson Financial Group LLC boosted its stake in Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after buying an additional 292 shares during the period. Y.D. More Investments Ltd boosted its stake in Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock worth $31,000 after buying an additional 253 shares during the period. Quarry LP boosted its stake in 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 buying an additional 675 shares during the period. Finally, Raleigh Capital Management Inc. boosted 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 worth $52,000 after buying an additional 486 shares during the period. Hedge funds and other institutional investors own 96.48% of the company's stock.

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Synchrony Financial Stock Down 0.8 %

SYF stock traded down $0.40 during midday trading on Tuesday, reaching $53.04. 4,412,858 shares of the company were exchanged, compared to its average volume of 3,646,624. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The stock's 50-day simple moving average is $63.35 and its 200 day simple moving average is $60.24. The company has a market cap of $20.62 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, equities analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. Synchrony Financial's dividend payout ratio (DPR) is presently 11.71%.

Analyst Ratings Changes

Several research analysts have weighed in on SYF shares. Royal Bank of Canada increased their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Truist Financial increased their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Barclays raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Synchrony Financial has a consensus rating of "Moderate Buy" and an average price target of $68.70.

Synchrony Financial 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.