Mitsubishi UFJ Trust & Banking Corp Sells 71,757 Shares of Synchrony Financial (NYSE:SYF)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 685,018 shares of the financial services provider's stock after selling 71,757 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.18% of Synchrony Financial worth $44,526,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SYF. Bogart Wealth LLC purchased a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $26,000. TCTC Holdings LLC bought a new position in Synchrony Financial during the fourth quarter valued at $27,000. Larson Financial Group LLC increased its position in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after buying an additional 292 shares during the last quarter. Y.D. More Investments Ltd raised its stake in shares of Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after buying an additional 253 shares during the period. Finally, Quarry LP lifted its position in shares of Synchrony Financial by 301.3% during the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after buying an additional 675 shares during the last quarter. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Price Performance

Synchrony Financial stock traded down $1.77 during mid-day trading on Friday, hitting $52.39. 3,468,999 shares of the company traded hands, compared to its average volume of 3,828,832. The stock has a fifty day moving average price of $61.17 and a 200-day moving average price of $60.51. The stock has a market cap of $20.37 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24.

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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 (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, equities analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 1.91%. Synchrony Financial's dividend payout ratio is presently 11.71%.

Wall Street Analyst Weigh In

SYF has been the subject of several recent research reports. Bank of America lifted their price objective on Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and upped their price target for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Truist Financial reduced their price objective on shares of Synchrony Financial from $77.00 to $65.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Finally, UBS Group raised their price target on Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Synchrony Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.10.

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.