Synchrony Financial (NYSE:SYF) Stock Holdings Lessened by Boston Partners

Boston Partners decreased its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 9.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,781,964 shares of the financial services provider's stock after selling 615,894 shares during the period. Boston Partners owned 1.49% of Synchrony Financial worth $375,902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SYF. Apollon Wealth Management LLC lifted its stake in shares of Synchrony Financial by 5.1% during the third quarter. Apollon Wealth Management LLC now owns 6,934 shares of the financial services provider's stock valued at $346,000 after buying an additional 337 shares during the period. OneDigital Investment Advisors LLC raised its stake in Synchrony Financial by 17.7% during the third quarter. OneDigital Investment Advisors LLC now owns 5,431 shares of the financial services provider's stock worth $271,000 after purchasing an additional 817 shares during the period. CIBC Asset Management Inc raised its stake in Synchrony Financial by 5.4% during the third quarter. CIBC Asset Management Inc now owns 67,772 shares of the financial services provider's stock worth $3,380,000 after purchasing an additional 3,501 shares during the period. Natixis Advisors LLC raised its stake in Synchrony Financial by 7.2% during the third quarter. Natixis Advisors LLC now owns 184,577 shares of the financial services provider's stock worth $9,207,000 after purchasing an additional 12,336 shares during the period. Finally, Quest Partners LLC raised its stake in Synchrony Financial by 32.6% during the third quarter. Quest Partners LLC now owns 33,040 shares of the financial services provider's stock worth $1,648,000 after purchasing an additional 8,115 shares during the period. Hedge funds and other institutional investors own 96.48% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have weighed in on SYF. Bank of America increased their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. 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 note on Monday, December 9th. 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 note on Monday, January 6th. The Goldman Sachs Group cut their price target on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Synchrony Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.10.

Synchrony Financial Stock Up 0.4 %

SYF traded up $0.20 during trading hours on Friday, reaching $54.07. 6,429,552 shares of the stock traded hands, compared to its average volume of 3,661,631. The firm's fifty day simple moving average is $62.41 and its two-hundred day simple moving average is $60.20. The company has a market cap of $21.02 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.71 and a beta of 1.67. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share 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, analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.85%. The ex-dividend date was Monday, February 3rd. Synchrony Financial's dividend payout ratio is currently 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.