Aviva PLC Reduces Stock Holdings in Synchrony Financial (NYSE:SYF)

Aviva PLC reduced its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 55.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 381,411 shares of the financial services provider's stock after selling 481,833 shares during the quarter. Aviva PLC owned approximately 0.10% of Synchrony Financial worth $24,792,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SYF. New Wave Wealth Advisors LLC acquired a new position in Synchrony Financial during the 4th quarter worth about $452,000. National Bank of Canada FI raised its position 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 worth $12,123,000 after acquiring an additional 132,047 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Synchrony Financial by 7.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider's stock worth $11,787,000 after acquiring an additional 12,492 shares during the period. Brophy Wealth Management LLC bought a new stake in Synchrony Financial in the third quarter valued at approximately $544,000. Finally, Summit Trail Advisors LLC acquired a new stake in Synchrony Financial during the 4th quarter valued at approximately $423,000. Institutional investors own 96.48% of the company's stock.

Analyst Upgrades and Downgrades

SYF has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Truist Financial decreased 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. Bank of America boosted 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. Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company cut their target price on shares of Synchrony Financial from $85.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $65.11.

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Synchrony Financial Stock Performance

Shares of NYSE SYF traded down $1.44 during midday trading on Friday, reaching $45.19. The company's stock had a trading volume of 2,475,803 shares, compared to its average volume of 3,939,252. 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 stock has a market capitalization of $17.57 billion, a P/E ratio of 5.28, a PEG ratio of 0.71 and a beta of 1.45. The firm has a 50 day moving average price of $56.59 and a 200-day moving average price of $60.42. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93.

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 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%. As a group, equities analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 yield of 2.21%. Synchrony Financial's payout ratio is currently 11.71%.

About Synchrony Financial

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.