Synchrony Financial (NYSE:SYF) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its position in Synchrony Financial (NYSE:SYF - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,907,432 shares of the financial services provider's stock after selling 310,239 shares during the period. Deutsche Bank AG owned approximately 0.75% of Synchrony Financial worth $188,983,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC lifted its holdings in shares of 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 buying an additional 160 shares during the period. Covestor Ltd lifted its holdings in Synchrony Financial by 6.0% in the fourth quarter. Covestor Ltd now owns 3,085 shares of the financial services provider's stock valued at $200,000 after acquiring an additional 174 shares during the period. Gladstone Institutional Advisory LLC boosted its position 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 worth $604,000 after purchasing an additional 176 shares during the last quarter. Smithfield Trust Co boosted its position in Synchrony Financial by 19.7% in the fourth quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider's stock worth $69,000 after purchasing an additional 181 shares during the last quarter. Finally, Wedmont Private Capital grew its stake in shares of Synchrony Financial by 2.6% during the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock valued at $491,000 after purchasing an additional 192 shares during the period. Hedge funds and other institutional investors own 96.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SYF shares. Royal Bank of Canada lifted their target price on Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Cfra Research upgraded Synchrony Financial to a "hold" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their target price on shares of Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Evercore ISI lowered their target price on shares of Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Nine 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $63.95.

Synchrony Financial Stock Up 1.7%

NYSE SYF traded up $1.03 on Tuesday, hitting $61.39. The stock had a trading volume of 4,146,763 shares, compared to its average volume of 3,949,540. The business's fifty day moving average price is $51.49 and its 200 day moving average price is $60.28. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of 7.19, a price-to-earnings-growth 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. 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 announced its earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.26. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.80 billion. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Equities research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, May 5th. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 1.95%. Synchrony Financial's dividend payout ratio (DPR) is 16.46%.

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.