Synchrony Financial (NYSE:SYF) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in Synchrony Financial (NYSE:SYF - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,138,668 shares of the financial services provider's stock after selling 1,503,953 shares during the quarter. Vanguard Group Inc. owned about 12.36% of Synchrony Financial worth $3,129,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SYF. LPL Financial LLC raised its position in shares of Synchrony Financial by 11.8% in the fourth quarter. LPL Financial LLC now owns 122,140 shares of the financial services provider's stock valued at $7,939,000 after buying an additional 12,896 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Synchrony Financial in the 4th quarter valued at $450,000. KLP Kapitalforvaltning AS purchased a new position in shares of Synchrony Financial during the 4th quarter worth $9,835,000. AXQ Capital LP acquired a new stake in shares of Synchrony Financial during the fourth quarter worth $1,106,000. Finally, Sei Investments Co. grew its position in shares of Synchrony Financial by 23.3% in the fourth quarter. Sei Investments Co. now owns 729,800 shares of the financial services provider's stock valued at $47,443,000 after purchasing an additional 137,713 shares during the period. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley upgraded Synchrony Financial from an "underweight" rating to an "overweight" rating and increased their target price for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $59.00 to $72.00 in a report on Monday, December 9th. The Goldman Sachs Group decreased their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. StockNews.com downgraded shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Truist Financial decreased their price target on shares of Synchrony Financial from $77.00 to $65.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $68.10.

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Synchrony Financial Stock Down 3.3 %

Synchrony Financial stock traded down $1.77 during midday trading on Friday, hitting $52.39. 3,468,999 shares of the company were exchanged, compared to its average volume of 3,828,832. The company has a market cap of $20.37 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The company's fifty day moving average price is $61.17 and its 200-day moving average price is $60.51. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given 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 1.91%. 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.