Synchrony Financial (NYSE:SYF) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 90.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,481 shares of the financial services provider's stock after selling 14,370 shares during the quarter. Quantbot Technologies LP's holdings in Synchrony Financial were worth $96,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Townsquare Capital LLC acquired a new position in shares of Synchrony Financial in the 3rd quarter valued at about $245,000. Public Sector Pension Investment Board lifted its holdings in Synchrony Financial by 3.2% in the third quarter. Public Sector Pension Investment Board now owns 70,248 shares of the financial services provider's stock valued at $3,504,000 after acquiring an additional 2,200 shares during the period. Verition Fund Management LLC boosted its position in Synchrony Financial by 680.7% in the 3rd quarter. Verition Fund Management LLC now owns 33,961 shares of the financial services provider's stock worth $1,694,000 after purchasing an additional 29,611 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $5,460,000. Finally, Paloma Partners Management Co grew its stake in shares of Synchrony Financial by 123.6% during the 3rd quarter. Paloma Partners Management Co now owns 11,200 shares of the financial services provider's stock worth $559,000 after purchasing an additional 6,190 shares during the period. 96.48% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SYF. Royal Bank of Canada increased their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price on Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Bank of America lifted their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Truist Financial lowered their price target on Synchrony Financial from $77.00 to $65.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Finally, Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $68.10.

Synchrony Financial Price Performance

Shares of NYSE:SYF traded up $1.85 during midday trading on Wednesday, hitting $55.11. The company had a trading volume of 3,212,151 shares, compared to its average volume of 3,826,857. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93. The stock 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. 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's 50-day simple moving average is $60.53 and its 200-day simple moving average is $60.71.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its earnings results 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%. On average, research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently declared 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 of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. Synchrony Financial's dividend payout ratio (DPR) is 11.71%.

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.