Tredje AP fonden Has $2.08 Million Holdings in Synchrony Financial (NYSE:SYF)

Tredje AP fonden trimmed its position in Synchrony Financial (NYSE:SYF - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,955 shares of the financial services provider's stock after selling 31,954 shares during the quarter. Tredje AP fonden's holdings in Synchrony Financial were worth $2,077,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SYF. Great Lakes Advisors LLC lifted its position in shares of Synchrony Financial by 0.6% in the fourth quarter. Great Lakes Advisors LLC now owns 40,139 shares of the financial services provider's stock worth $2,609,000 after purchasing an additional 240 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Synchrony Financial by 674.8% during the fourth quarter. Farther Finance Advisors LLC now owns 13,551 shares of the financial services provider's stock valued at $881,000 after purchasing an additional 11,802 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Synchrony Financial by 46.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 257 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Synchrony Financial by 19.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,432 shares of the financial services provider's stock valued at $483,000 after purchasing an additional 1,234 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Synchrony Financial by 6.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 4,624 shares of the financial services provider's stock worth $301,000 after acquiring an additional 282 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Synchrony Financial from an "underweight" rating to an "overweight" rating and raised their price objective for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. UBS Group raised their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Finally, Compass Point downgraded shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a research note on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.70.

Synchrony Financial Trading Down 0.8 %

SYF stock traded down $0.40 during trading on Tuesday, hitting $53.04. The company had a trading volume of 4,412,858 shares, compared to its average volume of 3,646,624. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $63.35 and a 200-day moving average price of $60.24. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.71 and a beta of 1.67.

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 net margin of 15.36% and a return on equity of 18.30%. As a group, analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is 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.