Swiss National Bank Sells 56,200 Shares of Synchrony Financial (NYSE:SYF)

Swiss National Bank trimmed its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,116,543 shares of the financial services provider's stock after selling 56,200 shares during the quarter. Swiss National Bank owned 0.29% of Synchrony Financial worth $72,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC bought a new position in Synchrony Financial in the 4th quarter worth $26,000. Y.D. More Investments Ltd raised its holdings in Synchrony Financial by 111.5% in 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 during the period. Larson Financial Group LLC raised its holdings 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 period. Raleigh Capital Management Inc. raised its holdings 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 period. Finally, EverSource Wealth Advisors LLC raised its holdings in Synchrony Financial by 46.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock worth $53,000 after purchasing an additional 257 shares during the period. 96.48% of the stock is owned by institutional investors.

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Synchrony Financial Trading Up 2.7 %

SYF traded up $1.41 on Wednesday, hitting $54.46. The company had a trading volume of 4,927,687 shares, compared to its average volume of 4,258,357. The company has a market cap of $21.17 billion, a PE ratio of 6.38, a PEG ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The business's fifty day simple moving average is $63.07 and its 200 day simple moving average is $60.26.

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, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Equities research analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.84%. The ex-dividend date was Monday, February 3rd. Synchrony Financial's payout ratio is currently 11.71%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SYF shares. Compass Point cut Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a report on Tuesday, January 28th. Barclays raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $59.00 to $79.00 in a report on Monday, January 6th. Morgan Stanley raised Synchrony Financial from an "underweight" rating to an "overweight" rating and raised their price target for the company from $40.00 to $82.00 in a report on Thursday, December 19th. The Goldman Sachs Group decreased their price target on Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Truist Financial raised their price target on Synchrony Financial from $72.00 to $77.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $68.70.

Synchrony Financial Company 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.