Securian Asset Management Inc. Trims Position in Synchrony Financial (NYSE:SYF)

Securian Asset Management Inc. decreased its position in shares of Synchrony Financial (NYSE:SYF) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,925 shares of the financial services provider’s stock after selling 934 shares during the quarter. Securian Asset Management Inc.’s holdings in Synchrony Financial were worth $1,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SYF. Janney Montgomery Scott LLC increased its position in Synchrony Financial by 396.1% during the third quarter. Janney Montgomery Scott LLC now owns 22,759 shares of the financial services provider’s stock worth $1,135,000 after purchasing an additional 18,171 shares during the last quarter. Venturi Wealth Management LLC increased its position in Synchrony Financial by 36.6% during the third quarter. Venturi Wealth Management LLC now owns 1,662 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 445 shares during the last quarter. Apollon Wealth Management LLC increased its position in Synchrony Financial by 5.1% during the third quarter. Apollon Wealth Management LLC now owns 6,934 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 337 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in Synchrony Financial by 17.7% during the third quarter. OneDigital Investment Advisors LLC now owns 5,431 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 817 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in Synchrony Financial by 5.4% during the third quarter. CIBC Asset Management Inc now owns 67,772 shares of the financial services provider’s stock worth $3,380,000 after purchasing an additional 3,501 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of SYF stock opened at $53.42 on Friday. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93. 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 company has a market capitalization of $20.77 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The firm has a fifty day simple moving average of $63.63 and a 200-day simple moving average of $60.06.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates 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 anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.87%. Synchrony Financial’s dividend payout ratio (DPR) is 11.71%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial upped their price target 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. Keefe, Bruyette & Woods increased 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. The Goldman Sachs Group increased their price objective on shares of Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Bank of America increased 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. Finally, Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.