National Bank of Canada FI Decreases Stock Holdings in Synchrony Financial (NYSE:SYF)

National Bank of Canada FI trimmed its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 25.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,331 shares of the financial services provider's stock after selling 60,709 shares during the quarter. National Bank of Canada FI's holdings in Synchrony Financial were worth $11,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bogart Wealth LLC bought a new stake in Synchrony Financial during the 4th quarter worth approximately $26,000. TCTC Holdings LLC bought a new position in shares of Synchrony Financial in the fourth quarter worth about $27,000. Y.D. More Investments Ltd lifted its position in shares of Synchrony Financial by 111.5% during the fourth 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. Quarry LP increased its holdings in shares of Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 675 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its position in Synchrony Financial by 151.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after purchasing an additional 486 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on SYF. Royal Bank of Canada boosted their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. 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. JPMorgan Chase & Co. cut their price target on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday. StockNews.com downgraded Synchrony Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Compass Point downgraded shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.11.

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Synchrony Financial Trading Down 9.2 %

Shares of SYF stock traded down $4.66 during trading hours on Thursday, hitting $45.82. 1,497,816 shares of the company were exchanged, compared to its average volume of 4,561,437. The firm has a market cap of $17.81 billion, a P/E ratio of 5.38, a P/E/G ratio of 0.71 and a beta of 1.45. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The company has a 50 day simple moving average of $57.01 and a two-hundred day simple moving average of $60.43. 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 (NYSE:SYF - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping 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%. Equities analysts anticipate that Synchrony Financial will post 7.67 EPS 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 issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.18%. Synchrony Financial's dividend payout ratio is presently 11.71%.

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.