Caisse Des Depots ET Consignations Buys New Position in Synchrony Financial (NYSE:SYF)

Caisse Des Depots ET Consignations purchased a new stake in Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,816 shares of the financial services provider's stock, valued at approximately $4,473,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in shares of Synchrony Financial during the 4th quarter valued at approximately $26,000. TCTC Holdings LLC acquired a new position in shares of Synchrony Financial in the fourth quarter worth about $27,000. Larson Financial Group LLC boosted its stake in shares of Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after acquiring an additional 292 shares in the last quarter. Y.D. More Investments Ltd grew its position in shares of Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 253 shares during the period. Finally, Quarry LP increased its stake in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 675 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Trading Up 0.0 %

Shares of Synchrony Financial stock traded up $0.03 during mid-day trading on Monday, hitting $52.46. The stock had a trading volume of 2,160,328 shares, compared to its average volume of 3,822,527. The firm has a 50-day moving average of $61.17 and a two-hundred day moving average of $60.62. The firm has a market cap of $20.39 billion, a P/E ratio of 6.11, 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 12-month low of $39.67 and a 12-month high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued 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 return on equity of 18.30% and a net margin of 15.36%. Sell-side analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio is presently 11.71%.

Analyst Ratings Changes

Several analysts have commented on the company. Wells Fargo & Company raised 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. Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $59.00 to $72.00 in a report on Monday, December 9th. Compass Point cut shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price for the company. in a research note on Tuesday, January 28th. Finally, Morgan Stanley raised shares of Synchrony Financial from an "underweight" rating to an "overweight" rating and raised their price target for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $68.10.

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.