Caisse Des Depots ET Consignations Buys Shares of 68,816 Synchrony Financial (NYSE:SYF)

Caisse Des Depots ET Consignations purchased a new stake in shares of Synchrony Financial (NYSE:SYF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 68,816 shares of the financial services provider’s stock, valued at approximately $4,473,000.

Several other large investors have also recently bought and sold shares of the business. Bogart Wealth LLC purchased a new position in Synchrony Financial during the fourth quarter valued at approximately $26,000. TCTC Holdings LLC purchased a new stake in shares of Synchrony Financial during the fourth quarter worth $27,000. Y.D. More Investments Ltd boosted its position in Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Larson Financial Group LLC grew its stake in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 292 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its position in Synchrony Financial by 151.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 486 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $55.18 on Thursday. The firm has a 50 day simple moving average of $61.77 and a 200 day simple moving average of $60.43. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. 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 cap of $21.45 billion, a P/E ratio of 6.46, a P/E/G ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last released its earnings results 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 return on equity of 18.30% and a net margin of 15.36%. Sell-side analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.81%. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Wall Street Analysts Forecast Growth

SYF has been the topic of a number of research reports. Bank of America increased their price objective on Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods increased their target price on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. UBS Group upped their price target on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Morgan Stanley raised Synchrony Financial from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. Finally, StockNews.com downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and a consensus target price of $68.10.

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.