Candriam S.C.A. Increases Stock Holdings in Synchrony Financial (NYSE:SYF)

Candriam S.C.A. increased its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 231.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 559,510 shares of the financial services provider's stock after buying an additional 390,602 shares during the period. Candriam S.C.A. owned about 0.14% of Synchrony Financial worth $36,368,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SYF. Bogart Wealth LLC purchased a new position in Synchrony Financial in the fourth quarter valued at approximately $26,000. Y.D. More Investments Ltd increased its stake in 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 valued at $31,000 after purchasing an additional 253 shares during the last quarter. Larson Financial Group LLC increased its stake in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 486 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Synchrony Financial in the fourth quarter valued at approximately $57,000. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

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Synchrony Financial Stock Performance

Shares of NYSE SYF traded up $0.62 during mid-day trading on Friday, hitting $54.77. 6,713,095 shares of the company were exchanged, compared to its average volume of 3,924,098. 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 stock has a 50 day simple moving average of $64.91 and a 200-day simple moving average of $60.07. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The firm has a market cap of $21.29 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is currently 11.71%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SYF. Compass Point lowered shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research note on Tuesday, January 28th. Truist Financial increased their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a "hold" rating in a research note on Thursday, January 30th. Wells Fargo & Company upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods increased their price objective on Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Six investment 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. According to MarketBeat, Synchrony Financial currently has a consensus rating of "Moderate Buy" and an average price target of $69.30.

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.