Brandywine Global Investment Management LLC Has $14.69 Million Position in Synchrony Financial (NYSE:SYF)

Brandywine Global Investment Management LLC lowered its holdings in Synchrony Financial (NYSE:SYF) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,973 shares of the financial services provider’s stock after selling 17,110 shares during the period. Brandywine Global Investment Management LLC’s holdings in Synchrony Financial were worth $14,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SYF. Bogart Wealth LLC purchased a new stake in Synchrony Financial in the 4th quarter worth about $26,000. TCTC Holdings LLC purchased a new stake in shares of Synchrony Financial in the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd lifted its position in shares of Synchrony Financial by 111.5% in 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 in the last quarter. Larson Financial Group LLC boosted its holdings in shares of 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. Finally, Raleigh Capital Management Inc. grew its position in Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SYF has been the subject of a number of research reports. Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. Bank of America lifted their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods upped their target price on 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 reduced their price target on Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Finally, Truist Financial dropped their price objective on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Seven investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.10.

Synchrony Financial Stock Down 3.3 %

Synchrony Financial stock opened at $52.39 on Monday. The firm has a market cap of $20.37 billion, a price-to-earnings ratio of 6.13, a P/E/G ratio of 0.71 and a beta of 1.67. The firm has a fifty day moving average price of $61.17 and a two-hundred day moving average price of $60.62. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating the consensus estimate 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 forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.91%. Synchrony Financial’s payout ratio is 11.71%.

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.