Wells Fargo & Company MN Purchases 56,483 Shares of Synchrony Financial (NYSE:SYF)

Wells Fargo & Company MN raised its position in Synchrony Financial (NYSE:SYF - Free Report) by 23.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 294,843 shares of the financial services provider's stock after purchasing an additional 56,483 shares during the period. Wells Fargo & Company MN owned 0.08% of Synchrony Financial worth $19,165,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SYF. Bogart Wealth LLC purchased a new stake in shares of Synchrony Financial in the 4th quarter valued at about $26,000. TCTC Holdings LLC purchased a new position in Synchrony Financial in the fourth quarter worth $27,000. 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 acquiring an additional 253 shares during the last quarter. Raleigh Capital Management Inc. raised its position 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 valued at $52,000 after purchasing an additional 486 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Synchrony Financial by 46.5% during the fourth 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 last quarter. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Up 1.2 %

NYSE:SYF traded up $0.55 during mid-day trading on Tuesday, hitting $47.51. 3,858,544 shares of the company's stock were exchanged, compared to its average volume of 3,966,159. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day moving average price of $55.36 and a 200 day moving average price of $60.38. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93. The company has a market cap of $18.47 billion, a PE ratio of 5.56, a P/E/G ratio of 0.71 and a beta of 1.45.

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Synchrony Financial (NYSE:SYF - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS 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%. Equities analysts predict that Synchrony Financial will post 7.67 EPS for the current 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is 11.71%.

Wall Street Analyst Weigh In

Several research analysts have commented on SYF shares. JPMorgan Chase & Co. decreased their price target on shares of Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Compass Point downgraded shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target for the company. in a research note on Tuesday, January 28th. Truist Financial reduced their price objective on Synchrony Financial from $77.00 to $65.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. UBS Group boosted their target price on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group dropped their target price on Synchrony Financial from $82.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $65.11.

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.