Mn Services Vermogensbeheer B.V. Has $10.48 Million Stake in Synchrony Financial (NYSE:SYF)

Mn Services Vermogensbeheer B.V. grew its holdings in Synchrony Financial (NYSE:SYF) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,300 shares of the financial services provider’s stock after buying an additional 2,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Synchrony Financial were worth $10,484,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. National Pension Service lifted its position in shares of Synchrony Financial by 22.7% in the third quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock valued at $47,773,000 after buying an additional 177,051 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at approximately $452,000. National Bank of Canada FI lifted its position in shares of Synchrony Financial by 119.0% in the third quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock valued at $12,123,000 after buying an additional 132,047 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Synchrony Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock worth $11,787,000 after purchasing an additional 12,492 shares during the period. Finally, Brophy Wealth Management LLC bought a new position in shares of Synchrony Financial during the third quarter worth approximately $544,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Trading Up 2.3 %

Shares of SYF stock opened at $60.64 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The company has a market cap of $23.57 billion, a PE ratio of 7.10, a P/E/G ratio of 0.71 and a beta of 1.63. The stock’s fifty day moving average price is $65.96 and its two-hundred day moving average price is $59.57.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data 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 return on equity of 18.30% and a net margin of 15.36%. Equities 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. Investors of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is 11.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SYF. Compass Point lowered Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Tuesday, January 28th. Truist Financial increased their target price on Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. The Goldman Sachs Group increased their target price on Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Seven investment 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 stock. According to MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and a consensus price target 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.