49,667 Shares in Synchrony Financial (NYSE:SYF) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 49,667 shares of the financial services provider's stock, valued at approximately $3,228,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Apollon Wealth Management LLC grew its position in Synchrony Financial by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider's stock worth $461,000 after acquiring an additional 160 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its stake in shares of Synchrony Financial by 1.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider's stock valued at $604,000 after purchasing an additional 176 shares during the last quarter. Smithfield Trust Co boosted its holdings in shares of Synchrony Financial by 19.7% in the 4th quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider's stock worth $69,000 after purchasing an additional 181 shares during the period. Wedmont Private Capital increased its position in shares of Synchrony Financial by 2.6% during the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock valued at $491,000 after purchasing an additional 192 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Synchrony Financial by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider's stock valued at $1,314,000 after purchasing an additional 213 shares during the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

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Synchrony Financial Stock Performance

SYF traded up $1.81 on Monday, reaching $55.83. The stock had a trading volume of 2,960,168 shares, compared to its average volume of 3,659,034. The company has a market cap of $21.70 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. 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 business's 50-day moving average price is $62.41 and its two-hundred day moving average price is $60.36.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its earnings results 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid 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 1.79%. Synchrony Financial's dividend payout ratio is currently 11.71%.

Wall Street Analysts Forecast Growth

SYF has been the subject of several recent analyst reports. UBS Group lifted their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Royal Bank of Canada lifted their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group reduced their price objective on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods raised their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Finally, Truist Financial reduced their price target on Synchrony Financial from $77.00 to $65.00 and set a "hold" rating on the stock in a report on Friday. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Synchrony Financial has an average rating of "Moderate Buy" and a consensus price target of $68.10.

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.