Tokio Marine Asset Management Co. Ltd. Has $925,000 Position in Synchrony Financial (NYSE:SYF)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Synchrony Financial (NYSE:SYF) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,229 shares of the financial services provider’s stock after purchasing an additional 1,465 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Synchrony Financial were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SYF. Southpoint Capital Advisors LP raised its holdings in Synchrony Financial by 37.9% in the 3rd quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock valued at $229,448,000 after acquiring an additional 1,265,000 shares in the last quarter. Zurich Insurance Group Ltd FI raised its holdings in Synchrony Financial by 389.8% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 1,138,672 shares of the financial services provider’s stock valued at $56,797,000 after acquiring an additional 906,172 shares in the last quarter. Soros Fund Management LLC acquired a new position in Synchrony Financial in the 3rd quarter valued at $41,088,000. Assenagon Asset Management S.A. raised its holdings in Synchrony Financial by 589.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 644,203 shares of the financial services provider’s stock valued at $32,133,000 after acquiring an additional 550,750 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Synchrony Financial by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock valued at $200,756,000 after acquiring an additional 481,750 shares in 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 $67.52 on Tuesday. The business’s fifty day simple moving average is $67.16 and its 200 day simple moving average is $57.51. The firm has a market capitalization of $26.29 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.76 and a beta of 1.63. Synchrony Financial has a 12 month low of $38.03 and a 12 month high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.25 and a debt-to-equity ratio of 1.01.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 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%. As a group, analysts anticipate that Synchrony Financial will post 7.08 EPS for the current year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Insiders Place Their Bets

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the sale, the insider now directly owns 127,587 shares of the company’s stock, valued at $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Robert W. Baird set a $62.00 price target on Synchrony Financial in a report on Thursday, October 17th. Compass Point cut Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Tuesday, January 28th. The Goldman Sachs Group boosted their price target on Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods boosted their price target on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, JMP Securities reissued a “market outperform” rating and set a $60.00 price target on shares of Synchrony Financial in a report on Monday, October 14th. Seven 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.