Foundry Partners LLC Trims Stake in Synchrony Financial (NYSE:SYF)

Foundry Partners LLC reduced its stake in Synchrony Financial (NYSE:SYF - Free Report) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 337,679 shares of the financial services provider's stock after selling 47,771 shares during the period. Synchrony Financial accounts for approximately 1.1% of Foundry Partners LLC's holdings, making the stock its 21st largest holding. Foundry Partners LLC owned about 0.09% of Synchrony Financial worth $21,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC acquired a new position in shares of Synchrony Financial during the 4th quarter worth about $452,000. National Bank of Canada FI grew its holdings in shares of Synchrony Financial by 119.0% in the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider's stock valued at $12,123,000 after buying an additional 132,047 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Synchrony Financial by 7.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider's stock valued at $11,787,000 after buying an additional 12,492 shares during the period. Brophy Wealth Management LLC acquired a new stake in shares of Synchrony Financial in the third quarter valued at about $544,000. Finally, Summit Trail Advisors LLC bought a new stake in Synchrony Financial during the fourth quarter worth about $423,000. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Performance

Shares of SYF traded down $1.16 on Wednesday, reaching $42.67. 1,903,292 shares of the company's stock traded hands, compared to its average volume of 3,892,425. 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 stock has a market cap of $16.59 billion, a PE ratio of 4.97, a PEG ratio of 0.71 and a beta of 1.45. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. The stock's 50 day simple moving average is $57.75 and its two-hundred day simple moving average is $60.50.

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Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS 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%. On average, 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 declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 2.34%. Synchrony Financial's payout ratio is 11.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SYF shares. Compass Point cut Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a research note on Tuesday, January 28th. Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. UBS Group boosted their price target on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Bank of America boosted their target price on Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Finally, StockNews.com cut shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $65.11.

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.