Synchrony Financial (NYSE:SYF) Position Reduced by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446,033 shares of the financial services provider's stock after selling 62,421 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.11% of Synchrony Financial worth $28,992,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in shares of Synchrony Financial in the 4th quarter worth about $26,000. Y.D. More Investments Ltd lifted its position in shares of 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 buying an additional 253 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of 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 buying an additional 292 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of 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 buying an additional 486 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Synchrony Financial in the 4th quarter worth about $57,000. 96.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods raised their price target on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. 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 research report on Tuesday, January 28th. Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Finally, Bank of America lifted their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.30.

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Synchrony Financial Stock Performance

Shares of SYF opened at $52.00 on Wednesday. The firm's 50 day moving average is $64.39 and its 200-day moving average is $60.13. The stock has a market capitalization of $20.21 billion, a P/E ratio of 6.09, a P/E/G ratio of 0.71 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93.

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 anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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 $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.92%. Synchrony Financial's dividend payout ratio is currently 11.71%.

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.

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