Amundi Acquires 27,875 Shares of Synchrony Financial (NYSE:SYF)

Amundi grew its position in Synchrony Financial (NYSE:SYF) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,771,651 shares of the financial services provider’s stock after purchasing an additional 27,875 shares during the quarter. Amundi owned approximately 0.46% of Synchrony Financial worth $116,557,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Synchrony Financial by 3.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 8,741 shares of the financial services provider’s stock valued at $568,000 after purchasing an additional 253 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Synchrony Financial by 3.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 59,744 shares of the financial services provider’s stock valued at $3,883,000 after purchasing an additional 1,794 shares during the last quarter. Machina Capital S.A.S. bought a new stake in shares of Synchrony Financial in the 4th quarter valued at $399,000. Andra AP fonden boosted its stake in shares of Synchrony Financial by 7.4% in the 4th quarter. Andra AP fonden now owns 175,800 shares of the financial services provider’s stock valued at $11,427,000 after purchasing an additional 12,100 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of Synchrony Financial in the 4th quarter valued at $1,121,000. 96.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SYF has been the topic of a number of analyst reports. 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 research note on Monday, January 13th. 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 note on Monday, December 9th. Wells Fargo & Company raised shares of 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. Truist Financial increased their target price 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, Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $52.29 on Tuesday. The firm has a 50-day moving average of $64.65 and a 200-day moving average of $60.11. The company has a market cap of $20.33 billion, a P/E ratio of 6.12, a P/E/G ratio of 0.71 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Equities research analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.91%. Synchrony Financial’s dividend payout ratio is currently 11.71%.

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.