Geode Capital Management LLC Has $650.68 Million Holdings in Synchrony Financial (NYSE:SYF)

Geode Capital Management LLC lifted its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,963,573 shares of the financial services provider's stock after purchasing an additional 205,641 shares during the quarter. Geode Capital Management LLC owned 2.56% of Synchrony Financial worth $650,678,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in Synchrony Financial by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 1,094,518 shares of the financial services provider's stock worth $71,144,000 after buying an additional 15,922 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its position in shares of Synchrony Financial by 1.2% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 54,560 shares of the financial services provider's stock valued at $3,546,000 after acquiring an additional 621 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Synchrony Financial during the fourth quarter worth about $330,000. Meeder Asset Management Inc. boosted its position in Synchrony Financial by 68.6% during the fourth quarter. Meeder Asset Management Inc. now owns 89,936 shares of the financial services provider's stock valued at $5,846,000 after purchasing an additional 36,588 shares during the last quarter. Finally, AIA Group Ltd bought a new position in Synchrony Financial in the fourth quarter valued at approximately $860,000. Institutional investors and hedge funds own 96.48% of the company's stock.

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Synchrony Financial Stock Performance

Shares of NYSE:SYF traded up $6.70 on Wednesday, reaching $50.53. 11,824,473 shares of the company's stock were exchanged, compared to its average volume of 3,937,888. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93. The company has a fifty day moving average of $57.01 and a 200-day moving average of $60.43. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.71 and a beta of 1.45. 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 issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. On average, research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Monday, February 3rd. Synchrony Financial's payout ratio is currently 11.71%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SYF shares. Royal Bank of Canada upped their price objective on Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a research report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. StockNews.com lowered shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Wells Fargo & Company cut their target price on shares of Synchrony Financial from $85.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $65.11.

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.