Synchrony Financial (NYSE:SYF) Shares Bought by Andra AP fonden

Andra AP fonden grew its position in Synchrony Financial (NYSE:SYF) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,800 shares of the financial services provider’s stock after purchasing an additional 12,100 shares during the period. Andra AP fonden’s holdings in Synchrony Financial were worth $11,427,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Allianz Asset Management GmbH raised its stake in shares of Synchrony Financial by 7.4% in the 4th quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock valued at $358,105,000 after acquiring an additional 380,870 shares during the period. Southpoint Capital Advisors LP raised its position in 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 valued at $229,448,000 after purchasing an additional 1,265,000 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Synchrony Financial by 3.7% during 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 purchasing an additional 157,948 shares in the last quarter. Nordea Investment Management AB boosted 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 buying an additional 481,750 shares during the period. Finally, Victory Capital Management Inc. grew its stake 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 valued at $102,852,000 after buying an additional 158,960 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

SYF has been the topic of several recent research reports. Compass Point lowered Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Tuesday, January 28th. Royal Bank of Canada boosted their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd. Truist Financial lifted their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Synchrony Financial presently has an average rating of “Moderate Buy” and an average price target of $69.30.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $54.77 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $21.29 billion, a PE ratio of 6.41, a P/E/G ratio of 0.71 and a beta of 1.63. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The business’s fifty day moving average price is $64.91 and its two-hundred day moving average price is $59.89.

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, 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 expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. Synchrony Financial’s dividend payout ratio is presently 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.