Lbp Am Sa Cuts Stake in Synchrony Financial (NYSE:SYF)

LBP AM SA lowered its position in Synchrony Financial (NYSE:SYF - Free Report) by 32.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,117 shares of the financial services provider's stock after selling 54,213 shares during the period. LBP AM SA's holdings in Synchrony Financial were worth $7,418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of Synchrony Financial by 7.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 44,519 shares of the financial services provider's stock worth $2,894,000 after acquiring an additional 3,083 shares during the period. Balboa Wealth Partners acquired a new stake in Synchrony Financial during the 4th quarter valued at $222,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Synchrony Financial by 54.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 235,287 shares of the financial services provider's stock valued at $15,305,000 after buying an additional 82,830 shares during the last quarter. Achmea Investment Management B.V. grew its holdings in Synchrony Financial by 9.1% during the 4th quarter. Achmea Investment Management B.V. now owns 117,882 shares of the financial services provider's stock valued at $7,663,000 after buying an additional 9,804 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in Synchrony Financial by 0.6% during the 4th quarter. Great Lakes Advisors LLC now owns 40,139 shares of the financial services provider's stock valued at $2,609,000 after buying an additional 240 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

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Synchrony Financial Trading Up 2.7 %

Shares of SYF traded up $1.41 during trading hours on Wednesday, hitting $54.46. The stock had a trading volume of 4,927,712 shares, compared to its average volume of 3,652,822. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $21.17 billion, a P/E ratio of 6.38, a P/E/G ratio of 0.71 and a beta of 1.67. The company's fifty day simple moving average is $63.07 and its 200 day simple moving average is $60.26. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued 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%. Equities research analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.84%. The ex-dividend date was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is presently 11.71%.

Analyst Ratings Changes

A number of brokerages have commented on SYF. Bank of America increased their target price on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Morgan Stanley upgraded Synchrony Financial from an "underweight" rating to an "overweight" rating and increased their target price for the company from $40.00 to $82.00 in a report on Thursday, December 19th. Truist Financial increased their target price on Synchrony Financial from $72.00 to $77.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Wells Fargo & Company upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada increased their target price on Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $68.70.

Synchrony Financial 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.