Integrated Quantitative Investments LLC Takes Position in Synchrony Financial (NYSE:SYF)

Integrated Quantitative Investments LLC bought a new stake in Synchrony Financial (NYSE:SYF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,000 shares of the financial services provider’s stock, valued at approximately $390,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Synchrony Financial in the 4th quarter valued at about $347,903,000. Zurich Insurance Group Ltd FI raised its holdings in Synchrony Financial by 389.8% during the third quarter. Zurich Insurance Group Ltd FI now owns 1,138,672 shares of the financial services provider’s stock worth $56,797,000 after purchasing an additional 906,172 shares in the last quarter. Soros Fund Management LLC purchased a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $41,088,000. Nordea Investment Management AB boosted its holdings 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 valued at $200,756,000 after buying an additional 481,750 shares in the last quarter. Finally, Candriam S.C.A. grew its position in shares of Synchrony Financial by 231.3% in the 4th quarter. Candriam S.C.A. now owns 559,510 shares of the financial services provider’s stock valued at $36,368,000 after buying an additional 390,602 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Upgrades and Downgrades

SYF has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company dropped their price target on Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday. Truist Financial reduced their price objective 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 report on Monday, March 24th. Finally, Royal Bank of Canada increased their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.26.

Synchrony Financial Trading Down 6.0 %

Shares of SYF stock opened at $43.76 on Friday. Synchrony Financial has a 1-year low of $39.67 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 1.24. The business’s fifty day moving average price is $59.21 and its 200 day moving average price is $60.54. The firm has a market capitalization of $17.01 billion, a PE ratio of 5.12, a P/E/G ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Monday, February 3rd. 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.