Bank of Montreal Can Sells 252,875 Shares of Synchrony Financial (NYSE:SYF)

Bank of Montreal Can trimmed its position in Synchrony Financial (NYSE:SYF - Free Report) by 42.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,228 shares of the financial services provider's stock after selling 252,875 shares during the quarter. Bank of Montreal Can owned approximately 0.09% of Synchrony Financial worth $22,375,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its holdings in shares of Synchrony Financial by 1.6% in the 4th quarter. Cerity Partners LLC now owns 131,515 shares of the financial services provider's stock valued at $8,548,000 after acquiring an additional 2,093 shares in the last quarter. Sierra Summit Advisors LLC bought a new stake in Synchrony Financial during the fourth quarter valued at approximately $562,000. Chou Associates Management Inc. grew its stake in Synchrony Financial by 11.6% in the 4th quarter. Chou Associates Management Inc. now owns 215,702 shares of the financial services provider's stock worth $14,021,000 after buying an additional 22,500 shares in the last quarter. Polymer Capital Management HK LTD bought a new position in shares of Synchrony Financial in the 4th quarter worth $2,593,000. Finally, Federated Hermes Inc. raised its position in shares of Synchrony Financial by 233.4% during the 4th quarter. Federated Hermes Inc. now owns 83,644 shares of the financial services provider's stock valued at $5,437,000 after buying an additional 58,558 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reduced 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. Bank of America raised their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. Compass Point downgraded shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research note on Tuesday, January 28th. Finally, Truist Financial lowered their price objective on shares of Synchrony Financial from $77.00 to $65.00 and set a "hold" rating for the company in a report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $65.11.

Synchrony Financial Trading Up 1.2 %

SYF stock traded up $0.55 on Tuesday, reaching $47.51. The company's stock had a trading volume of 3,858,544 shares, compared to its average volume of 3,963,082. The firm has a market cap of $18.47 billion, a PE ratio of 5.56, a PEG ratio of 0.71 and a beta of 1.45. The business has a fifty day simple moving average of $55.78 and a two-hundred day simple moving average of $60.47. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. 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 (NYSE:SYF - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. As a group, research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. 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 2.10%. 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.