Synchrony Financial (NYSE:SYF) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its position in Synchrony Financial (NYSE:SYF - Free Report) by 19.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,152,210 shares of the financial services provider's stock after selling 1,225,111 shares during the period. Invesco Ltd. owned about 1.32% of Synchrony Financial worth $334,894,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SYF. Norges Bank purchased a new stake in Synchrony Financial in the 4th quarter valued at about $347,903,000. Nordea Investment Management AB grew its holdings in Synchrony Financial by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider's stock valued at $200,756,000 after purchasing an additional 481,750 shares during the period. Candriam S.C.A. increased its position in Synchrony Financial by 231.3% during the fourth quarter. Candriam S.C.A. now owns 559,510 shares of the financial services provider's stock worth $36,368,000 after purchasing an additional 390,602 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Synchrony Financial by 7.4% in the 4th quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider's stock valued at $358,105,000 after purchasing an additional 380,870 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Synchrony Financial in the 4th quarter valued at $24,185,000. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Up 2.3 %

NYSE:SYF traded up $1.09 during mid-day trading on Tuesday, reaching $48.05. The stock had a trading volume of 1,469,520 shares, compared to its average volume of 3,954,226. The stock's 50 day simple moving average is $55.78 and its two-hundred day simple moving average is $60.47. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The company has a market capitalization of $18.68 billion, a price-to-earnings ratio of 5.63, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

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Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) 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%. Equities analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 annualized dividend and a yield of 2.08%. Synchrony Financial's dividend payout ratio (DPR) is 11.71%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SYF. Morgan Stanley reiterated an "equal weight" rating and issued a $44.00 target price (down previously from $82.00) on shares of Synchrony Financial in a report on Monday, April 7th. JPMorgan Chase & Co. decreased their target price on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Compass Point lowered shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target on the stock. in a report on Tuesday, January 28th. UBS Group boosted 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. Finally, The Goldman Sachs Group reduced their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.