Synchrony Financial (NYSE:SYF) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Synchrony Financial (NYSE:SYF - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,021 shares of the financial services provider's stock after buying an additional 7,053 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Synchrony Financial were worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd increased 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 worth $31,000 after buying an additional 253 shares during the period. Larson Financial Group LLC boosted 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 buying an additional 292 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after acquiring an additional 486 shares in the last quarter. Quarry LP boosted its position in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider's stock worth $45,000 after purchasing an additional 675 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Synchrony Financial in the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Performance

NYSE SYF traded up $0.06 during trading hours on Thursday, hitting $64.06. The company had a trading volume of 3,654,136 shares, compared to its average volume of 3,721,436. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.24. Synchrony Financial has a 1-year low of $38.78 and a 1-year high of $70.93. The company has a market cap of $24.94 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63. The business has a 50 day moving average of $67.04 and a 200-day moving average of $58.35.

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, 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%. As a group, equities research analysts expect that Synchrony Financial will post 7.45 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, February 3rd. Synchrony Financial's dividend payout ratio is currently 11.71%.

Insider Buying and Selling

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the completion of the sale, the insider now directly owns 127,587 shares of the company's stock, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SYF shares. 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 report on Tuesday, January 28th. Wells Fargo & Company raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Evercore ISI lifted their price objective on shares of Synchrony Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. UBS Group lifted their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Finally, Truist Financial boosted their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.30.

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.