V Square Quantitative Management LLC Sells 1,681 Shares of Synchrony Financial (NYSE:SYF)

V Square Quantitative Management LLC lessened its holdings in Synchrony Financial (NYSE:SYF) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,820 shares of the financial services provider’s stock after selling 1,681 shares during the quarter. V Square Quantitative Management LLC’s holdings in Synchrony Financial were worth $573,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SYF. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial in the fourth quarter valued at about $26,000. Larson Financial Group LLC lifted its position in Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 292 shares during the period. Y.D. More Investments Ltd lifted its position 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 lifted its position in Synchrony Financial by 301.3% during 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 during the period. Finally, Capital Performance Advisors LLP bought a new stake in Synchrony Financial during the third quarter worth about $50,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

NYSE:SYF opened at $65.19 on Friday. The company has a market capitalization of $25.38 billion, a PE ratio of 7.63, a P/E/G ratio of 0.72 and a beta of 1.63. The company has a 50 day simple moving average of $66.93 and a two-hundred day simple moving average of $58.49. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.24. Synchrony Financial has a fifty-two week low of $39.26 and a fifty-two week high of $70.93.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (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%. Research analysts anticipate that Synchrony Financial will post 7.45 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Wall Street Analysts Forecast Growth

SYF has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Bank of America upped their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada upped their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. 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 report on Monday, December 9th. Finally, Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.30.

Synchrony Financial Company 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.