Synchrony Financial (NYSE:SYF) Shares Bought by US Bancorp DE

US Bancorp DE grew its position in shares of Synchrony Financial (NYSE:SYF) by 52.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,485 shares of the financial services provider’s stock after purchasing an additional 22,269 shares during the period. US Bancorp DE’s holdings in Synchrony Financial were worth $4,192,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at $556,000. QRG Capital Management Inc. raised its stake in shares of Synchrony Financial by 4.2% in the fourth quarter. QRG Capital Management Inc. now owns 310,664 shares of the financial services provider’s stock valued at $20,193,000 after acquiring an additional 12,530 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at $10,530,000. Oppenheimer & Co. Inc. raised its stake in shares of Synchrony Financial by 22.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,203 shares of the financial services provider’s stock valued at $1,378,000 after acquiring an additional 3,824 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Synchrony Financial by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 161,300 shares of the financial services provider’s stock valued at $10,484,000 after acquiring an additional 2,700 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Stock Performance

NYSE SYF opened at $55.81 on Thursday. 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 52-week low of $39.67 and a 52-week high of $70.93. The business’s 50-day moving average price is $65.39 and its 200 day moving average price is $59.88. The firm has a market cap of $21.70 billion, a P/E ratio of 6.54, a P/E/G ratio of 0.71 and a beta of 1.63.

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

Synchrony Financial Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Analyst Ratings Changes

Several analysts have recently issued reports on SYF shares. Keefe, Bruyette & Woods increased their price objective on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Royal Bank of Canada increased their price objective on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their target price for the company from $59.00 to $72.00 in a report on Monday, December 9th. Finally, 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 report on Tuesday, January 28th. Seven 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Company 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.