Synchrony Financial (NYSE:SYF) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in shares of Synchrony Financial (NYSE:SYF) by 90.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,481 shares of the financial services provider’s stock after selling 14,370 shares during the quarter. Quantbot Technologies LP’s holdings in Synchrony Financial were worth $96,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its stake in shares of Synchrony Financial by 7.4% in the 4th quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock worth $358,105,000 after acquiring an additional 380,870 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Synchrony Financial by 3.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider’s stock worth $221,830,000 after purchasing an additional 157,948 shares in the last quarter. Nordea Investment Management AB lifted its position in Synchrony Financial by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock valued at $200,756,000 after purchasing an additional 481,750 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Synchrony Financial by 16.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,943,817 shares of the financial services provider’s stock valued at $126,348,000 after purchasing an additional 279,517 shares in the last quarter. Finally, Amundi increased its position in Synchrony Financial by 1.6% during the 4th quarter. Amundi now owns 1,771,651 shares of the financial services provider’s stock worth $116,557,000 after purchasing an additional 27,875 shares during the period. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SYF has been the topic of a number of analyst reports. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. The Goldman Sachs Group decreased their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their price target for the company from $59.00 to $72.00 in a report on Monday, December 9th. Truist Financial decreased their price objective on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, Royal Bank of Canada increased their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.10.

Synchrony Financial Price Performance

NYSE:SYF opened at $52.92 on Tuesday. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The firm has a market cap of $20.57 billion, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The company’s 50-day moving average is $60.86 and its two-hundred day moving average is $60.66. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01.

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

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

About Synchrony Financial

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.