Natixis Advisors LLC Sells 7,027 Shares of Synchrony Financial (NYSE:SYF)

Natixis Advisors LLC lessened its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 177,550 shares of the financial services provider's stock after selling 7,027 shares during the period. Natixis Advisors LLC's holdings in Synchrony Financial were worth $11,541,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new stake in shares of Synchrony Financial during the fourth quarter worth $452,000. National Bank of Canada FI lifted its stake in shares of Synchrony Financial by 119.0% during the third quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider's stock valued at $12,123,000 after acquiring an additional 132,047 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Synchrony Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider's stock valued at $11,787,000 after acquiring an additional 12,492 shares during the period. Brophy Wealth Management LLC acquired a new position in shares of Synchrony Financial during the third quarter valued at $544,000. Finally, Summit Trail Advisors LLC acquired a new position in shares of Synchrony Financial during the fourth quarter valued at $423,000. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Up 0.4 %

Shares of NYSE SYF traded up $0.20 during mid-day trading on Friday, reaching $54.07. 6,429,552 shares of the company's stock were exchanged, compared to its average volume of 3,661,844. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.71 and a beta of 1.67. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93. The business has a fifty day simple moving average of $62.41 and a 200 day simple moving average of $60.28.

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Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping 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 analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. Synchrony Financial's payout ratio is presently 11.71%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SYF. Barclays raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $59.00 to $79.00 in a research note on Monday, January 6th. UBS Group upped their price target on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Compass Point lowered 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. JPMorgan Chase & Co. raised Synchrony Financial from a "neutral" rating to an "overweight" rating and increased their target price for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Finally, Bank of America increased their target price on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Synchrony Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.10.

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.