Guggenheim Capital LLC Reduces Stock Position in Synchrony Financial (NYSE:SYF)

Guggenheim Capital LLC reduced its stake in Synchrony Financial (NYSE:SYF) by 62.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,106 shares of the financial services provider’s stock after selling 33,042 shares during the period. Guggenheim Capital LLC’s holdings in Synchrony Financial were worth $1,307,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Synchrony Financial during the fourth quarter valued at approximately $347,903,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Synchrony Financial in the 4th quarter valued at about $35,986,000. Nordea Investment Management AB boosted its position in 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 in the last quarter. Candriam S.C.A. boosted its holdings in Synchrony Financial by 231.3% during the fourth quarter. Candriam S.C.A. now owns 559,510 shares of the financial services provider’s stock worth $36,368,000 after buying an additional 390,602 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Synchrony Financial by 7.4% during the 4th quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock worth $358,105,000 after acquiring an additional 380,870 shares in the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Trading Down 1.1 %

Shares of NYSE SYF opened at $47.33 on Tuesday. Synchrony Financial has a 12 month low of $40.55 and a 12 month high of $70.93. The business has a fifty day simple moving average of $53.92 and a 200-day simple moving average of $60.38. The company has a market cap of $18.40 billion, a price-to-earnings ratio of 5.54, a P/E/G ratio of 0.71 and a beta of 1.45. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on SYF shares. Wells Fargo & Company reduced their price objective on Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Royal Bank of Canada upped their price objective on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. The Goldman Sachs Group reduced their price target on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Bank of America boosted their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Truist Financial cut their target price on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.11.

Synchrony Financial Company 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.