Synchrony Financial (NYSE:SYF) Stock Holdings Decreased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Synchrony Financial (NYSE:SYF) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 446,033 shares of the financial services provider’s stock after selling 62,421 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Synchrony Financial were worth $28,992,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Allianz Asset Management GmbH increased its position in shares of Synchrony Financial by 7.4% in the fourth quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock worth $358,105,000 after acquiring an additional 380,870 shares in the last quarter. Southpoint Capital Advisors LP increased its position in shares of Synchrony Financial by 37.9% in the third quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock worth $229,448,000 after acquiring an additional 1,265,000 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Synchrony Financial by 3.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider’s stock worth $221,830,000 after acquiring an additional 157,948 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Synchrony Financial by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock worth $200,756,000 after acquiring an additional 481,750 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Synchrony Financial by 8.4% in the third quarter. Victory Capital Management Inc. now owns 2,061,979 shares of the financial services provider’s stock worth $102,852,000 after acquiring an additional 158,960 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYF has been the subject of several research reports. Bank of America raised their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. The Goldman Sachs Group raised their price target on shares of Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Truist Financial raised their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods raised their price target 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. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Trading Down 0.6 %

NYSE:SYF opened at $52.00 on Wednesday. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The firm has a market cap of $20.21 billion, a price-to-earnings ratio of 6.09, a P/E/G ratio of 0.71 and a beta of 1.67. 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 company’s 50 day moving average is $64.39 and its 200-day moving average is $60.13.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating 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%. Equities analysts anticipate that Synchrony Financial will post 7.67 EPS 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio 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.