Todd Asset Management LLC Has $30.21 Million Stock Position in Synchrony Financial (NYSE:SYF)

Todd Asset Management LLC boosted its stake in shares of Synchrony Financial (NYSE:SYF) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 464,695 shares of the financial services provider’s stock after purchasing an additional 24,499 shares during the quarter. Todd Asset Management LLC owned 0.12% of Synchrony Financial worth $30,205,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SYF. Creative Planning grew its position in Synchrony Financial by 1.0% during the third quarter. Creative Planning now owns 30,064 shares of the financial services provider’s stock worth $1,500,000 after buying an additional 308 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Synchrony Financial by 14.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,198 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 785 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $276,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Synchrony Financial by 34.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,120 shares of the financial services provider’s stock valued at $2,175,000 after purchasing an additional 11,723 shares during the period. Finally, Forsta AP Fonden raised its stake in shares of Synchrony Financial by 4.8% in the third quarter. Forsta AP Fonden now owns 190,300 shares of the financial services provider’s stock valued at $9,492,000 after purchasing an additional 8,800 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SYF has been the subject of a number of recent research reports. Bank of America increased their price objective on shares of 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 raised their price target for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. Evercore ISI increased their target price on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group boosted their price target on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Finally, Royal Bank of Canada upped their price target on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.30.

Synchrony Financial Stock Down 1.5 %

Shares of Synchrony Financial stock opened at $60.51 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. 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 $23.52 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.63. The business has a fifty day simple moving average of $66.40 and a 200 day simple moving average of $59.38.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share 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%. Research analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

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 1.65%. The ex-dividend date of this dividend 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.