Synchrony Financial (NYSE:SYF) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lowered its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,973 shares of the financial services provider's stock after selling 17,110 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.06% of Synchrony Financial worth $14,688,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Apollon Wealth Management LLC boosted its holdings in shares of Synchrony Financial by 2.3% in the 4th quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider's stock valued at $461,000 after acquiring an additional 160 shares during the last quarter. Gladstone Institutional Advisory LLC raised its stake in shares of Synchrony Financial by 1.9% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider's stock valued at $604,000 after buying an additional 176 shares during the last quarter. Smithfield Trust Co raised its stake in shares of Synchrony Financial by 19.7% during the 4th quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider's stock valued at $69,000 after buying an additional 181 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Synchrony Financial by 2.6% in the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock valued at $491,000 after buying an additional 192 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Synchrony Financial by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider's stock worth $1,314,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

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Synchrony Financial Stock Down 14.2 %

SYF stock traded down $7.84 during midday trading on Thursday, hitting $47.21. The company's stock had a trading volume of 7,851,686 shares, compared to its average volume of 3,844,116. The firm has a market capitalization of $18.35 billion, a P/E ratio of 5.53, a PEG ratio of 0.71 and a beta of 1.67. The firm has a 50-day simple moving average of $60.22 and a 200-day simple moving average of $60.67. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. Synchrony Financial's dividend payout ratio is presently 11.71%.

Analyst Upgrades and Downgrades

SYF has been the topic of several recent research reports. Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. Royal Bank of Canada lifted their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Morgan Stanley upgraded Synchrony Financial from an "underweight" rating to an "overweight" rating and raised their target price for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. Keefe, Bruyette & Woods increased their price target on Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Finally, Truist Financial reduced their target price on Synchrony Financial from $77.00 to $65.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Seven investment 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 company. According to MarketBeat.com, Synchrony Financial currently has an average rating of "Moderate Buy" and an average price target of $67.35.

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.