American Century Companies Inc. Has $66.91 Million Stock Holdings in Synchrony Financial (NYSE:SYF)

American Century Companies Inc. raised its stake in Synchrony Financial (NYSE:SYF - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,029,437 shares of the financial services provider's stock after buying an additional 129,532 shares during the quarter. American Century Companies Inc. owned about 0.26% of Synchrony Financial worth $66,913,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Apollon Wealth Management LLC increased its holdings in Synchrony Financial by 2.3% during the 4th quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider's stock worth $461,000 after purchasing an additional 160 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its position in shares of Synchrony Financial by 1.9% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider's stock worth $604,000 after buying an additional 176 shares during the period. Smithfield Trust Co grew its holdings in shares of Synchrony Financial by 19.7% during the fourth quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider's stock worth $69,000 after buying an additional 181 shares in the last quarter. Wedmont Private Capital raised its position in Synchrony Financial by 2.6% in the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock valued at $491,000 after buying an additional 192 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Synchrony Financial by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider's stock valued at $1,314,000 after acquiring an additional 213 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SYF shares. Morgan Stanley raised shares of Synchrony Financial from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. Royal Bank of Canada lifted their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 29th. Compass Point downgraded shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price objective for the company. in a research note on Tuesday, January 28th. Wells Fargo & Company upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. upgraded Synchrony Financial from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $59.00 to $72.00 in a report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $68.10.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock traded down $1.77 on Friday, hitting $52.39. The stock had a trading volume of 3,468,999 shares, compared to its average volume of 3,828,832. The stock has a market cap of $20.37 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93. The business's 50 day moving average is $61.17 and its two-hundred day moving average is $60.51.

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

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is 11.71%.

About Synchrony Financial

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.