3,258 Shares in Synchrony Financial (NYSE:SYF) Purchased by Systematic Alpha Investments LLC

Systematic Alpha Investments LLC purchased a new position in Synchrony Financial (NYSE:SYF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,258 shares of the financial services provider’s stock, valued at approximately $212,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Synchrony Financial by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 9,963,573 shares of the financial services provider’s stock worth $650,678,000 after acquiring an additional 205,641 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Synchrony Financial by 7.4% during the fourth quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock valued at $358,105,000 after buying an additional 380,870 shares during the period. Norges Bank bought a new stake in Synchrony Financial in the fourth quarter worth $347,903,000. Nordea Investment Management AB raised its position in shares of Synchrony Financial by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock worth $200,756,000 after purchasing an additional 481,750 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Synchrony Financial by 16.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,943,817 shares of the financial services provider’s stock worth $126,348,000 after buying an additional 279,517 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SYF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Truist Financial cut their price target on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, March 21st. StockNews.com cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. 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. Finally, Bank of America increased their price target 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. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.35.

Synchrony Financial Trading Down 15.5 %

Shares of NYSE:SYF opened at $46.50 on Friday. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 0.71 and a beta of 1.67. The business has a 50-day moving average price of $59.75 and a 200-day moving average price of $60.57.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping 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 analysts predict that Synchrony Financial will post 7.67 EPS 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.15%. Synchrony Financial’s dividend payout ratio is presently 11.71%.

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.