Teacher Retirement System of Texas Sells 9,222 Shares of Synchrony Financial (NYSE:SYF)

Teacher Retirement System of Texas reduced its stake in Synchrony Financial (NYSE:SYF - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 587,310 shares of the financial services provider's stock after selling 9,222 shares during the quarter. Teacher Retirement System of Texas owned about 0.15% of Synchrony Financial worth $38,175,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC lifted its holdings in Synchrony Financial by 17.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,431 shares of the financial services provider's stock worth $271,000 after purchasing an additional 817 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Synchrony Financial by 7.2% in the third quarter. Natixis Advisors LLC now owns 184,577 shares of the financial services provider's stock valued at $9,207,000 after acquiring an additional 12,336 shares during the period. Pathstone Holdings LLC boosted its position in shares of Synchrony Financial by 1.3% in the third quarter. Pathstone Holdings LLC now owns 37,785 shares of the financial services provider's stock valued at $1,885,000 after acquiring an additional 493 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Synchrony Financial in the third quarter valued at about $2,690,000. Finally, PNC Financial Services Group Inc. increased its position in Synchrony Financial by 8.3% during the third quarter. PNC Financial Services Group Inc. now owns 57,950 shares of the financial services provider's stock worth $2,891,000 after acquiring an additional 4,417 shares during the period. 96.48% of the stock is owned by institutional investors.

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Synchrony Financial Stock Up 0.1 %

Shares of SYF traded up $0.03 on Tuesday, reaching $55.85. The company's stock had a trading volume of 2,521,915 shares, compared to its average volume of 3,658,289. 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 fifty day moving average of $62.23 and a 200-day moving average of $60.41. The stock has a market capitalization of $21.71 billion, a PE ratio of 6.54, 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.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its earnings results 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%. Equities analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 dividend on an annualized basis and a yield of 1.79%. Synchrony Financial's dividend payout ratio is 11.71%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SYF. Keefe, Bruyette & Woods raised their target price on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Truist Financial lowered their price objective on Synchrony Financial from $77.00 to $65.00 and set a "hold" rating on the stock in a research note on Friday. Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $59.00 to $79.00 in a research report on Monday, January 6th. StockNews.com cut Synchrony Financial from a "buy" rating to a "hold" rating in a research report on Monday. Finally, UBS Group upped their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $68.10.

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.