Synchrony Financial (NYSE:SYF) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its position in Synchrony Financial (NYSE:SYF) by 314.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 136,012 shares of the financial services provider’s stock after buying an additional 103,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Synchrony Financial were worth $8,841,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SYF. National Pension Service boosted its stake in shares of Synchrony Financial by 22.7% in the third quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock worth $47,773,000 after acquiring an additional 177,051 shares during the last quarter. National Bank of Canada FI boosted its stake in Synchrony Financial by 119.0% during the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock worth $12,123,000 after purchasing an additional 132,047 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Synchrony Financial during the fourth quarter worth $452,000. Brophy Wealth Management LLC acquired a new stake in shares of Synchrony Financial in the third quarter valued at about $544,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Synchrony Financial by 2.2% in the third quarter. Principal Financial Group Inc. now owns 487,720 shares of the financial services provider’s stock worth $24,327,000 after buying an additional 10,294 shares in the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on SYF. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Synchrony Financial from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Truist Financial upped their price objective on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, January 30th. TD Cowen boosted their target price on Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Evercore ISI boosted their target price on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Bank of America lifted their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.30.

Insiders Place Their Bets

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of Synchrony Financial stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the sale, the insider now directly owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Synchrony Financial Trading Up 0.4 %

Shares of Synchrony Financial stock opened at $68.15 on Friday. Synchrony Financial has a 1 year low of $38.03 and a 1 year 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 1.25. The business has a 50 day moving average price of $67.15 and a 200 day moving average price of $57.81. The company has a market capitalization of $26.53 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.76 and a beta of 1.63.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results 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 return on equity of 18.30% and a net margin of 15.36%. Sell-side analysts anticipate that Synchrony Financial will post 7.08 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.47%. Synchrony Financial’s dividend payout ratio is currently 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.