Chevy Chase Trust Holdings LLC Has $13.30 Million Stock Position in Synchrony Financial (NYSE:SYF)

Chevy Chase Trust Holdings LLC decreased its position in Synchrony Financial (NYSE:SYF - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,638 shares of the financial services provider's stock after selling 7,628 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Synchrony Financial worth $13,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at about $26,000. Larson Financial Group LLC increased its position in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 292 shares during the last quarter. Y.D. More Investments Ltd increased its position in shares of Synchrony Financial by 111.5% in the fourth 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 last quarter. Quarry LP increased its position in shares of Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 675 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Synchrony Financial in the third quarter valued at about $50,000. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Performance

Shares of NYSE:SYF traded down $1.80 during trading on Thursday, reaching $63.79. 3,465,542 shares of the stock were exchanged, compared to its average volume of 3,697,085. Synchrony Financial has a 12 month low of $39.35 and a 12 month high of $70.93. The firm has a market cap of $24.80 billion, a PE ratio of 7.47, a PEG ratio of 0.73 and a beta of 1.63. The stock has a 50-day moving average price of $66.79 and a 200-day moving average price of $58.91. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Research analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.57%. Synchrony Financial's payout ratio is 11.71%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SYF. The Goldman Sachs Group lifted their target price on Synchrony Financial from $72.50 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Evercore ISI lifted their target price on Synchrony Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Morgan Stanley raised Synchrony Financial from an "underweight" rating to an "overweight" rating and lifted their target price for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price target on Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Seven 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 data from MarketBeat, Synchrony Financial presently has an average rating of "Moderate Buy" and an average target price of $69.30.

About Synchrony Financial

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.