Mizuho Securities USA LLC Increases Stock Position in Synchrony Financial (NYSE:SYF)

Mizuho Securities USA LLC increased its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 44.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,901 shares of the financial services provider's stock after buying an additional 11,273 shares during the quarter. Mizuho Securities USA LLC's holdings in Synchrony Financial were worth $2,399,000 at the end of the most recent reporting period.

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

Synchrony Financial Stock Down 3.3 %

NYSE:SYF traded down $1.77 on Friday, hitting $52.39. The stock had a trading volume of 3,468,999 shares, compared to its average volume of 3,828,830. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The firm's fifty day simple moving average is $61.50 and its two-hundred day simple moving average is $60.39. 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 stock has a market cap of $20.37 billion, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

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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, beating 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%. Analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio is currently 11.71%.

Analysts Set New Price Targets

Several analysts have recently weighed in on SYF shares. Wells Fargo & Company upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Bank of America upped their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. UBS Group increased their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Compass Point cut shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research report on Tuesday, January 28th. Finally, Morgan Stanley raised Synchrony Financial from an "underweight" rating to an "overweight" rating and lifted their price objective for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Synchrony Financial has a consensus rating of "Moderate Buy" and an average target price 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.