Amundi Has $116.56 Million Holdings in Synchrony Financial (NYSE:SYF)

Amundi raised its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,771,651 shares of the financial services provider's stock after purchasing an additional 27,875 shares during the quarter. Amundi owned about 0.46% of Synchrony Financial worth $116,557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC boosted its stake 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 valued at $461,000 after purchasing an additional 160 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in Synchrony Financial by 1.9% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider's stock valued at $604,000 after purchasing an additional 176 shares in the last quarter. Smithfield Trust Co boosted its stake in Synchrony Financial by 19.7% during the 4th quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 181 shares in the last quarter. Wedmont Private Capital boosted its stake in Synchrony Financial by 2.6% during the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock valued at $491,000 after purchasing an additional 192 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in Synchrony Financial by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider's stock valued at $773,000 after purchasing an additional 204 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

SYF has been the subject of several research reports. Bank of America raised their price objective on Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Wells Fargo & Company raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. UBS Group raised their target price on Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. The Goldman Sachs Group raised their target price on Synchrony Financial from $72.50 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, Compass Point cut Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price for the company. in a research report on Tuesday, January 28th. Six equities research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $69.30.

Synchrony Financial Stock Up 2.9 %

NYSE SYF traded up $1.52 during trading on Friday, hitting $53.42. 5,452,025 shares of the company traded hands, compared to its average volume of 4,198,182. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The business has a fifty day simple moving average of $63.90 and a 200 day simple moving average of $60.03. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $20.77 billion, a P/E ratio of 6.25, a PEG ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, sell-side analysts predict 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. Stockholders of record on Monday, February 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. Synchrony Financial's payout ratio is presently 11.71%.

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.