V Square Quantitative Management LLC Sells 1,681 Shares of Synchrony Financial (NYSE:SYF)

V Square Quantitative Management LLC cut its holdings in shares of Synchrony Financial (NYSE:SYF) by 16.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,820 shares of the financial services provider’s stock after selling 1,681 shares during the quarter. V Square Quantitative Management LLC’s holdings in Synchrony Financial were worth $573,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Southpoint Capital Advisors LP boosted 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 worth $229,448,000 after purchasing an additional 1,265,000 shares during the period. Zurich Insurance Group Ltd FI lifted its position in Synchrony Financial by 389.8% in the third quarter. Zurich Insurance Group Ltd FI now owns 1,138,672 shares of the financial services provider’s stock valued at $56,797,000 after purchasing an additional 906,172 shares during the last quarter. Soros Fund Management LLC bought a new position in shares of Synchrony Financial during the third quarter valued at approximately $41,088,000. Assenagon Asset Management S.A. raised its holdings in shares of Synchrony Financial by 589.3% during the third quarter. Assenagon Asset Management S.A. now owns 644,203 shares of the financial services provider’s stock valued at $32,133,000 after acquiring an additional 550,750 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Synchrony Financial by 18.5% in the fourth 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. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Upgrades and Downgrades

SYF has been the topic of a number of recent research reports. Truist Financial increased their target price on Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Evercore ISI increased their target price on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their target price on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Seven research 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.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.30.

Synchrony Financial Stock Up 1.7 %

Shares of SYF stock opened at $65.19 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.25 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 12 month low of $39.26 and a 12 month high of $70.93. The stock has a market cap of $25.38 billion, a P/E ratio of 7.63, a P/E/G ratio of 0.72 and a beta of 1.63. The company has a 50 day simple moving average of $66.93 and a two-hundred day simple moving average of $58.49.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping 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%. On average, research analysts expect that Synchrony Financial will post 7.45 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. Synchrony Financial’s payout ratio is currently 11.71%.

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.