TD SYNNEX Co. (NYSE:SNX) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its position in shares of TD SYNNEX Co. (NYSE:SNX) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 85,686 shares of the business services provider’s stock after selling 4,252 shares during the quarter. Corebridge Financial Inc.’s holdings in TD SYNNEX were worth $10,049,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of SNX. Bartlett & CO. Wealth Management LLC boosted its stake in TD SYNNEX by 345.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares in the last quarter. UMB Bank n.a. lifted its holdings in TD SYNNEX by 48.4% in the 4th quarter. UMB Bank n.a. now owns 429 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 140 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of TD SYNNEX during the 3rd quarter valued at about $55,000. Blue Trust Inc. grew its stake in shares of TD SYNNEX by 37.7% in the 4th quarter. Blue Trust Inc. now owns 471 shares of the business services provider’s stock worth $55,000 after purchasing an additional 129 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of TD SYNNEX by 31.9% in the 4th quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider’s stock worth $56,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on SNX shares. StockNews.com lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Wednesday. Barrington Research boosted their target price on TD SYNNEX from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Thursday, March 20th. Royal Bank of Canada upped their target price on TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Cfra raised TD SYNNEX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX has a consensus rating of “Moderate Buy” and an average target price of $149.75.

TD SYNNEX Trading Down 0.9 %

Shares of NYSE SNX opened at $125.43 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a one year low of $107.84 and a one year high of $145.10. The business has a 50-day moving average price of $136.91 and a two-hundred day moving average price of $125.70. The firm has a market capitalization of $10.58 billion, a PE ratio of 15.76, a PEG ratio of 1.06 and a beta of 1.51.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were issued a dividend of $0.44 per share. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, January 24th. TD SYNNEX’s dividend payout ratio (DPR) is currently 22.11%.

Insider Activity at TD SYNNEX

In related news, Director Ann F. Vezina sold 839 shares of TD SYNNEX stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the sale, the director now owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. This trade represents a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick Zammit sold 6,823 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $143.00, for a total value of $975,689.00. Following the completion of the transaction, the chief executive officer now directly owns 165,604 shares in the company, valued at approximately $23,681,372. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,172 shares of company stock valued at $6,353,261. Corporate insiders own 1.00% of the company’s stock.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.