Amundi Buys 27,875 Shares of Synchrony Financial (NYSE:SYF)

Amundi boosted its stake in shares of Synchrony Financial (NYSE:SYF) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,771,651 shares of the financial services provider’s stock after buying an additional 27,875 shares during the quarter. Amundi’s holdings in Synchrony Financial were worth $116,557,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in Synchrony Financial during the fourth quarter valued at about $26,000. Y.D. More Investments Ltd boosted 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. Larson Financial Group LLC boosted 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. Raleigh Capital Management Inc. boosted 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 worth $52,000 after purchasing an additional 486 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Synchrony Financial during the fourth quarter worth about $57,000. Institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays upgraded 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 research report on Monday, January 6th. The Goldman Sachs Group increased their target price 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. 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 research report on Monday, December 9th. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Finally, Compass Point lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Trading Down 4.5 %

Shares of SYF opened at $52.29 on Tuesday. The firm’s 50 day simple moving average is $64.65 and its 200 day simple moving average is $60.11. The company has a market capitalization of $20.33 billion, a P/E ratio of 6.12, a P/E/G ratio of 0.71 and a beta of 1.67. 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 has a 1-year low of $39.67 and a 1-year 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 EPS for the quarter, topping 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%. Sell-side analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 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.