Grantham Mayo Van Otterloo & Co. LLC Lowers Holdings in Synchrony Financial (NYSE:SYF)

Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 29.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 703,947 shares of the financial services provider's stock after selling 300,418 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.18% of Synchrony Financial worth $45,757,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Apollon Wealth Management LLC raised its position in Synchrony Financial by 2.3% in the 4th quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider's stock valued at $461,000 after buying an additional 160 shares during the last quarter. Gladstone Institutional Advisory LLC raised its holdings in shares of Synchrony Financial by 1.9% in the fourth 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 lifted its position in shares of Synchrony Financial by 19.7% in the fourth 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 in the last quarter. Wedmont Private Capital boosted its holdings in Synchrony Financial by 2.6% during the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock worth $491,000 after purchasing an additional 192 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Synchrony Financial by 1.1% in the fourth 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 in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

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Synchrony Financial Price Performance

NYSE:SYF traded down $4.07 during mid-day trading on Thursday, reaching $46.41. The stock had a trading volume of 2,445,839 shares, compared to its average volume of 3,932,638. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93. The firm has a 50 day moving average price of $57.01 and a two-hundred day moving average price of $60.43. The stock has a market capitalization of $18.04 billion, a P/E ratio of 5.44, a P/E/G ratio of 0.71 and a beta of 1.45.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results 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%. As a group, analysts expect that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.15%. Synchrony Financial's dividend payout ratio (DPR) is 11.71%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price target on Synchrony Financial from $85.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley reissued an "equal weight" rating and issued a $44.00 target price (down from $82.00) on shares of Synchrony Financial in a research note on Monday. StockNews.com lowered shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. decreased their price objective on shares of Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada upped their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.