O Shaughnessy Asset Management LLC Cuts Position in Synchrony Financial (NYSE:SYF)

O Shaughnessy Asset Management LLC lessened its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,256,150 shares of the financial services provider's stock after selling 27,552 shares during the quarter. Synchrony Financial accounts for approximately 0.7% of O Shaughnessy Asset Management LLC's investment portfolio, making the stock its 22nd biggest position. O Shaughnessy Asset Management LLC owned about 0.32% of Synchrony Financial worth $81,650,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SYF. Bogart Wealth LLC acquired a new stake in Synchrony Financial in the fourth quarter valued at approximately $26,000. TCTC Holdings LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter valued at $27,000. Larson Financial Group LLC boosted its holdings in shares of Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 292 shares in the last quarter. Y.D. More Investments Ltd grew its position in Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock worth $31,000 after acquiring an additional 253 shares during the last quarter. Finally, Quarry LP increased its holdings in Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider's stock worth $45,000 after purchasing an additional 675 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

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Analyst Ratings Changes

SYF has been the topic of several research reports. Morgan Stanley upgraded Synchrony Financial from an "underweight" rating to an "overweight" rating and boosted their price target for the stock from $40.00 to $82.00 in a report on Thursday, December 19th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and upped their price target for the company from $59.00 to $72.00 in a research report on Monday, December 9th. The Goldman Sachs Group cut their price target on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $59.00 to $79.00 in a report on Monday, January 6th. Finally, StockNews.com downgraded Synchrony Financial from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued 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 an average price target of $68.10.

Synchrony Financial Stock Up 3.5 %

Shares of NYSE:SYF traded up $1.85 during trading on Wednesday, reaching $55.11. 3,212,081 shares of the stock were exchanged, compared to its average volume of 4,205,815. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The stock has a fifty day moving average of $60.53 and a two-hundred day moving average of $60.71. 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 firm has a market cap of $21.42 billion, a price-to-earnings ratio of 6.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted 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 net margin of 15.36% and a return on equity of 18.30%. Research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is presently 11.71%.

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.