Todd Asset Management LLC Acquires 24,499 Shares of Synchrony Financial (NYSE:SYF)

Todd Asset Management LLC raised its stake in Synchrony Financial (NYSE:SYF) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 464,695 shares of the financial services provider’s stock after acquiring an additional 24,499 shares during the period. Todd Asset Management LLC’s holdings in Synchrony Financial were worth $30,205,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service boosted its stake in Synchrony Financial by 22.7% in the 3rd quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock worth $47,773,000 after purchasing an additional 177,051 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of Synchrony Financial during the fourth quarter worth about $452,000. National Bank of Canada FI raised its position in Synchrony Financial by 119.0% in the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock valued at $12,123,000 after buying an additional 132,047 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Synchrony Financial by 7.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock valued at $11,787,000 after acquiring an additional 12,492 shares in the last quarter. Finally, Brophy Wealth Management LLC bought a new stake in Synchrony Financial in the 3rd quarter valued at approximately $544,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Trading Down 1.5 %

Shares of SYF stock opened at $60.51 on Tuesday. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The firm has a 50 day moving average price of $66.40 and a two-hundred day moving average price of $59.38. 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 company has a market capitalization of $23.52 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.71 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 (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is 11.71%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SYF. Truist Financial lifted their price objective on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $59.00 to $79.00 in a report on Monday, January 6th. Finally, Bank of America increased their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

About Synchrony Financial

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.