Synchrony Financial (NYSE:SYF) Shares Sold by PGGM Investments

PGGM Investments decreased its holdings in Synchrony Financial (NYSE:SYF) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 203,704 shares of the financial services provider’s stock after selling 1,698 shares during the period. PGGM Investments’ holdings in Synchrony Financial were worth $13,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of SYF. New Wave Wealth Advisors LLC purchased a new stake in shares of Synchrony Financial in the fourth quarter valued at about $452,000. National Bank of Canada FI increased its position in Synchrony Financial by 119.0% in the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock valued at $12,123,000 after acquiring an additional 132,047 shares during the period. Asset Management One Co. Ltd. raised its stake in Synchrony Financial by 7.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock valued at $11,787,000 after acquiring an additional 12,492 shares during the last quarter. Brophy Wealth Management LLC acquired a new stake in Synchrony Financial during the 3rd quarter worth approximately $544,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Synchrony Financial in the 4th quarter valued at approximately $423,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $53.55 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 0.71 and a beta of 1.67. The company’s 50-day moving average price is $64.16 and its 200 day moving average price is $60.09. Synchrony Financial has a 52 week low of $39.67 and a 52 week high of $70.93.

Synchrony Financial (NYSE:SYF) last released its quarterly 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%. As a group, research analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently declared 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 of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. Synchrony Financial’s dividend payout ratio (DPR) is 11.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SYF. Truist Financial upped their price target on Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods upped their price objective 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. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $59.00 to $72.00 in a report on Monday, December 9th. Royal Bank of Canada boosted their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Finally, UBS Group raised their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.30.

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.