Tredje AP fonden Sells 31,954 Shares of Synchrony Financial (NYSE:SYF)

Tredje AP fonden lessened its holdings in Synchrony Financial (NYSE:SYF) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SYF. Great Lakes Advisors LLC grew its position in 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 valued at $2,609,000 after acquiring an additional 240 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Synchrony Financial by 674.8% in the 4th 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Synchrony Financial by 46.5% during the 4th 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 increased its position in Synchrony Financial by 19.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,432 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 1,234 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Synchrony Financial by 6.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 4,624 shares of the financial services provider’s stock worth $301,000 after buying an additional 282 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

NYSE:SYF opened at $51.92 on Friday. The firm has a market capitalization of $20.18 billion, a P/E ratio of 6.08, a P/E/G 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. The company has a fifty day moving average of $63.90 and a 200-day moving average of $60.03. 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 (NYSE:SYF) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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, sell-side analysts anticipate 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. Investors of record on Monday, February 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is currently 11.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group increased 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. The Goldman Sachs Group increased their target price on Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Bank of America boosted their price target on 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 raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Finally, Truist Financial lifted their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Six investment 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, Synchrony Financial currently has an average rating of “Moderate Buy” and an average target price of $69.30.

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.