Grantham Mayo Van Otterloo & Co. LLC Has $45.76 Million Stake in Synchrony Financial (NYSE:SYF)

Grantham Mayo Van Otterloo & Co. LLC cut its position in shares of Synchrony Financial (NYSE:SYF) by 29.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 703,947 shares of the financial services provider’s stock after selling 300,418 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.18% of Synchrony Financial worth $45,757,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bogart Wealth LLC bought a new stake in Synchrony Financial during the fourth quarter valued at $26,000. TCTC Holdings LLC bought a new stake in shares of Synchrony Financial during the 4th quarter valued at about $27,000. Y.D. More Investments Ltd grew its stake 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 worth $31,000 after purchasing an additional 253 shares during the period. Quarry LP increased its holdings in Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 675 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Synchrony Financial by 151.4% in the fourth 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 in the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Down 6.0 %

Synchrony Financial stock opened at $43.76 on Friday. 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 quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50-day simple moving average is $59.21 and its 200 day simple moving average is $60.54. The stock has a market cap of $17.01 billion, a PE ratio of 5.12, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last announced 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%. Research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced 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. This represents a $1.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is presently 11.71%.

Wall Street Analyst Weigh In

Several analysts have recently commented on SYF shares. Wells Fargo & Company reduced their price objective on shares of Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday. Truist Financial reduced their price target on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a report on Friday, March 21st. UBS Group upped their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, January 13th. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their target price for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Finally, Morgan Stanley raised Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.26.

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.