Synchrony Financial (NYSE:SYF) Shares Purchased by Bokf Na

BOKF NA lifted its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 377,288 shares of the financial services provider's stock after acquiring an additional 17,997 shares during the period. BOKF NA owned 0.10% of Synchrony Financial worth $24,060,000 as of its most recent filing with the Securities & Exchange Commission.

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

Synchrony Financial Stock Performance

Shares of SYF stock traded up $1.74 during midday trading on Thursday, hitting $55.51. The company had a trading volume of 4,403,132 shares, compared to its average volume of 3,945,217. The stock has a market cap of $21.13 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 0.71 and a beta of 1.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The company's 50 day simple moving average is $51.40 and its 200 day simple moving average is $60.17. Synchrony Financial has a 52-week low of $40.55 and a 52-week high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.26. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.80 billion. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SYF shares. Compass Point downgraded shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research note on Tuesday, January 28th. UBS Group lifted their target price on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Monday, January 13th. StockNews.com downgraded Synchrony Financial from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Truist Financial reduced 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. Finally, Morgan Stanley restated an "equal weight" rating and set a $44.00 target price (down from $82.00) on shares of Synchrony Financial in a research note on Monday, April 7th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.