Aware Super Pty Ltd as trustee of Aware Super Takes $35.99 Million Position in Synchrony Financial (NYSE:SYF)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Synchrony Financial (NYSE:SYF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 553,629 shares of the financial services provider's stock, valued at approximately $35,986,000. Aware Super Pty Ltd as trustee of Aware Super owned about 0.14% of Synchrony Financial at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Canada Post Corp Registered Pension Plan purchased a new position in shares of Synchrony Financial during the 4th quarter valued at about $658,000. CreativeOne Wealth LLC bought a new position in shares of Synchrony Financial in the fourth quarter worth approximately $532,000. Mariner LLC boosted its position in shares of Synchrony Financial by 10.5% in the fourth quarter. Mariner LLC now owns 112,643 shares of the financial services provider's stock worth $7,322,000 after purchasing an additional 10,705 shares during the period. Trustmark National Bank Trust Department increased its stake in shares of Synchrony Financial by 4.8% in the fourth quarter. Trustmark National Bank Trust Department now owns 44,731 shares of the financial services provider's stock worth $2,908,000 after purchasing an additional 2,068 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new stake in shares of Synchrony Financial during the 4th quarter valued at $247,000. 96.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Compass Point lowered Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price objective for the company. in a research report on Tuesday, January 28th. StockNews.com cut Synchrony Financial from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Bank of America increased their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada lifted their price objective on Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $65.11.

Synchrony Financial Trading Up 2.4 %

Shares of NYSE SYF traded up $1.10 during midday trading on Friday, hitting $47.86. The company's stock had a trading volume of 3,507,333 shares, compared to its average volume of 3,960,181. Synchrony Financial has a 12-month low of $40.55 and a 12-month high of $70.93. 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 firm has a market cap of $18.61 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. The business's 50 day moving average is $54.25 and its two-hundred day moving average is $60.26.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS 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, equities research analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 2.09%. Synchrony Financial's dividend payout ratio (DPR) is 11.71%.

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.