Skandinaviska Enskilda Banken AB publ Purchases 82,830 Shares of Synchrony Financial (NYSE:SYF)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 54.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,287 shares of the financial services provider's stock after buying an additional 82,830 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Synchrony Financial worth $15,305,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial during the fourth quarter worth approximately $26,000. Larson Financial Group LLC raised its position in Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after purchasing an additional 292 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of 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 valued at $31,000 after acquiring an additional 253 shares during the last quarter. Quarry LP raised 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 acquiring an additional 675 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 486 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

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Synchrony Financial Stock Down 0.8 %

Shares of Synchrony Financial stock traded down $0.40 during trading hours on Tuesday, reaching $53.04. 4,412,858 shares of the company's stock were exchanged, compared to its average volume of 3,646,624. The company has a 50 day moving average of $63.35 and a two-hundred day moving average of $60.24. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market cap of $20.62 billion, a P/E ratio of 6.21, a P/E/G ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.25 per share. 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 1.89%. Synchrony Financial's dividend payout ratio is 11.71%.

Analyst Ratings Changes

Several analysts have commented on SYF shares. Truist Financial upped their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. Morgan Stanley upgraded shares of Synchrony Financial from an "underweight" rating to an "overweight" rating and upped their price objective for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada upped their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a research 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $68.70.

About Synchrony Financial

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.