Synchrony Financial (NYSE:SYF) Stock Holdings Lifted by Bokf Na

BOKF NA boosted its position in Synchrony Financial (NYSE:SYF - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,288 shares of the financial services provider's stock after buying an additional 17,997 shares during the quarter. BOKF NA owned 0.10% of Synchrony Financial worth $24,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC boosted its stake in Synchrony Financial by 2.3% during the 4th quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider's stock valued at $461,000 after acquiring an additional 160 shares during the last quarter. Covestor Ltd lifted its position in shares of Synchrony Financial by 6.0% during the fourth quarter. Covestor Ltd now owns 3,085 shares of the financial services provider's stock worth $200,000 after purchasing an additional 174 shares during the last quarter. Gladstone Institutional Advisory LLC increased its holdings in Synchrony Financial by 1.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider's stock valued at $604,000 after buying an additional 176 shares during the last quarter. Smithfield Trust Co raised its stake in Synchrony Financial by 19.7% during the fourth quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider's stock valued at $69,000 after buying an additional 181 shares in the last quarter. Finally, Wedmont Private Capital lifted its holdings in Synchrony Financial by 2.6% during the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock worth $491,000 after buying an additional 192 shares during the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Trading Up 0.3 %

NYSE SYF traded up $0.16 on Friday, hitting $55.62. 3,295,145 shares of the company were exchanged, compared to its average volume of 3,942,356. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a twelve month low of $40.55 and a twelve month high of $70.93. The firm has a market capitalization of $21.17 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42. The company's 50 day moving average price is $51.39 and its 200-day moving average price is $60.20.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.63 by $0.26. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.80 billion. Analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.30 per share. This is an increase from Synchrony Financial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. Synchrony Financial's payout ratio is currently 16.46%.

Analyst Upgrades and Downgrades

SYF has been the topic of several research reports. Truist Financial dropped their price target on Synchrony Financial from $65.00 to $57.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. UBS Group lifted their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Bank of America increased their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Wells Fargo & Company decreased their target price on Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Evercore ISI cut their price target on Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Synchrony Financial currently has an average rating of "Moderate Buy" and a consensus price target of $63.95.

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.