Synchrony Financial $SYF Holdings Lowered by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. reduced its position in Synchrony Financial (NYSE:SYF) by 13.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 471,366 shares of the financial services provider’s stock after selling 73,375 shares during the quarter. Eurizon Capital SGR S.p.A. owned about 0.15% of Synchrony Financial worth $33,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SYF. BlackRock Inc. purchased a new stake in shares of Synchrony Financial during the second quarter worth $2,349,452,000. Bank of America Corp DE acquired a new stake in shares of Synchrony Financial in the second quarter valued at about $1,122,961,000. Dimensional Fund Advisors LP lifted its stake in shares of Synchrony Financial by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,039,753 shares of the financial services provider’s stock worth $410,760,000 after buying an additional 365,353 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Synchrony Financial by 5.6% in the first quarter. First Trust Advisors LP now owns 5,338,110 shares of the financial services provider’s stock worth $363,098,000 after buying an additional 281,451 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Synchrony Financial by 0.9% in the first quarter. Assetmark Inc. now owns 4,338,604 shares of the financial services provider’s stock worth $295,112,000 after buying an additional 37,114 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of SYF stock opened at $72.26 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 1.23. The firm’s 50-day moving average is $73.93 and its two-hundred day moving average is $73.46. Synchrony Financial has a 12 month low of $63.08 and a 12 month high of $88.77. The company has a market capitalization of $22.50 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.88 and a beta of 1.40.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.26. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Synchrony Financial had a net margin of 14.59% and a return on equity of 22.26%. During the same quarter in the prior year, the company posted $2.86 EPS. Analysts predict that Synchrony Financial will post 9.61 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $1.36 annualized dividend and a yield of 1.9%. Synchrony Financial’s dividend payout ratio (DPR) is 14.20%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SYF. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Synchrony Financial in a report on Tuesday, October 20th. JPMorgan Chase & Co. raised their target price on shares of Synchrony Financial from $74.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 21st. Wells Fargo & Company lowered their target price on Synchrony Financial from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Barclays upped their price target on Synchrony Financial from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, Wolfe Research increased their price target on Synchrony Financial from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.78.

About Synchrony Financial

Synchrony Financial is a consumer financial services company that provides credit products and related services through partnerships with retailers, healthcare providers and other businesses. Its offerings include private-label and co-branded credit cards, installment loans and promotional financing options. The company also provides consumer banking products, including savings accounts and certificates of deposit. Its financing solutions serve customers in areas such as retail, home improvement, automotive, health and wellness, and digital commerce, primarily in the United States.