Nordea Investment Management AB Buys 481,750 Shares of Synchrony Financial (NYSE:SYF)

Nordea Investment Management AB raised its stake in Synchrony Financial (NYSE:SYF - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,083,329 shares of the financial services provider's stock after purchasing an additional 481,750 shares during the quarter. Nordea Investment Management AB owned 0.79% of Synchrony Financial worth $200,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of SYF. TD Asset Management Inc lifted its stake in Synchrony Financial by 20.1% during the 2nd quarter. TD Asset Management Inc now owns 179,037 shares of the financial services provider's stock valued at $8,449,000 after acquiring an additional 29,944 shares in the last quarter. National Bank of Canada FI boosted its holdings in Synchrony Financial by 22.7% during the second quarter. National Bank of Canada FI now owns 110,993 shares of the financial services provider's stock worth $5,340,000 after purchasing an additional 20,552 shares during the last quarter. Savant Capital LLC grew its position in Synchrony Financial by 85.3% in the 2nd quarter. Savant Capital LLC now owns 44,079 shares of the financial services provider's stock worth $2,080,000 after purchasing an additional 20,293 shares in the last quarter. Acadian Asset Management LLC increased its stake in Synchrony Financial by 400.2% in the 2nd quarter. Acadian Asset Management LLC now owns 842,539 shares of the financial services provider's stock valued at $39,751,000 after buying an additional 674,093 shares during the last quarter. Finally, Caprock Group LLC bought a new position in shares of Synchrony Financial during the 2nd quarter worth approximately $1,810,000. Institutional investors own 96.48% of the company's stock.

Insider Activity at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the completion of the transaction, the insider now directly owns 127,587 shares of the company's stock, valued at $8,291,879.13. This trade represents a 21.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Curtis Howse sold 21,934 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.13, for a total transaction of $1,209,221.42. Following the completion of the sale, the insider now owns 99,743 shares in the company, valued at approximately $5,498,831.59. This trade represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Synchrony Financial Trading Down 1.5 %

Shares of NYSE SYF traded down $1.03 during mid-day trading on Tuesday, hitting $66.64. The stock had a trading volume of 2,334,110 shares, compared to its average volume of 2,446,077. The firm has a market cap of $25.95 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50 day moving average price of $65.15 and a two-hundred day moving average price of $54.96. Synchrony Financial has a 1 year low of $35.29 and a 1 year high of $69.39.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.77 by $0.17. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The company's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 earnings per share. On average, equities analysts anticipate that Synchrony Financial will post 6.51 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, November 4th. Synchrony Financial's payout ratio is 13.05%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SYF. Deutsche Bank Aktiengesellschaft boosted their price objective on Synchrony Financial from $58.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Truist Financial assumed coverage on shares of Synchrony Financial in a research report on Tuesday. They set a "hold" rating and a $72.00 price target for the company. Robert W. Baird set a $62.00 price objective on shares of Synchrony Financial in a report on Thursday, October 17th. Royal Bank of Canada boosted their target price on shares of Synchrony Financial from $55.00 to $62.00 and gave the company a "sector perform" rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $64.98.

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.