Y Intercept Hong Kong Ltd Sells 13,275 Shares of Synchrony Financial (NYSE:SYF)

Y Intercept Hong Kong Ltd decreased its holdings in Synchrony Financial (NYSE:SYF) by 26.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,562 shares of the financial services provider’s stock after selling 13,275 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Synchrony Financial were worth $2,377,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SYF. Allianz Asset Management GmbH increased its stake in Synchrony Financial by 7.4% in the 4th quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock valued at $358,105,000 after buying an additional 380,870 shares during the last quarter. Southpoint Capital Advisors LP increased its stake in Synchrony Financial by 37.9% in the 3rd quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock valued at $229,448,000 after buying an additional 1,265,000 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Synchrony Financial by 3.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider’s stock valued at $221,830,000 after buying an additional 157,948 shares during the last quarter. Nordea Investment Management AB increased its stake 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 valued at $200,756,000 after buying an additional 481,750 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Synchrony Financial by 1.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,199,554 shares of the financial services provider’s stock valued at $109,714,000 after buying an additional 37,484 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Down 1.5 %

Synchrony Financial stock opened at $60.51 on Tuesday. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The firm has a market capitalization of $23.52 billion, a price-to-earnings ratio of 7.08, a P/E/G ratio of 0.71 and a beta of 1.63. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm has a 50 day simple moving average of $66.40 and a 200 day simple moving average of $59.38.

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 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%. On average, analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have commented on SYF. UBS Group increased their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased 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. Truist Financial raised their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Synchrony Financial currently has a consensus rating of “Moderate Buy” and an average 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.