Robeco Institutional Asset Management B.V. Buys 241,676 Shares of Synchrony Financial (NYSE:SYF)

Robeco Institutional Asset Management B.V. lifted its stake in Synchrony Financial (NYSE:SYF - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,213,470 shares of the financial services provider's stock after buying an additional 241,676 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.57% of Synchrony Financial worth $117,181,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp lifted its position in shares of Synchrony Financial by 10.4% in the 4th quarter. Truist Financial Corp now owns 19,353 shares of the financial services provider's stock worth $1,258,000 after acquiring an additional 1,817 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Synchrony Financial in the fourth quarter valued at $208,000. Impact Investors Inc bought a new position in Synchrony Financial in the fourth quarter worth $292,000. Mn Services Vermogensbeheer B.V. boosted its stake in Synchrony Financial by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 161,300 shares of the financial services provider's stock worth $10,484,000 after buying an additional 2,700 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Synchrony Financial by 22.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 21,203 shares of the financial services provider's stock worth $1,378,000 after buying an additional 3,824 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SYF has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective 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. Evercore ISI cut their price target on shares of Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Cfra Research raised Synchrony Financial to a "hold" rating in a report on Tuesday, April 22nd. Morgan Stanley reissued an "equal weight" rating and issued a $44.00 target price (down from $82.00) on shares of Synchrony Financial in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their target price on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $64.78.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 40,639 shares of Synchrony Financial stock in a transaction on Monday, May 19th. The shares were sold at an average price of $60.07, for a total transaction of $2,441,184.73. Following the completion of the sale, the insider now owns 146,628 shares of the company's stock, valued at approximately $8,807,943.96. The trade was a 21.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is currently owned by company insiders.

Synchrony Financial Stock Up 0.4%

Shares of NYSE SYF opened at $64.99 on Thursday. Synchrony Financial has a 12-month low of $40.55 and a 12-month high of $70.93. The firm's 50-day simple moving average is $57.25 and its 200 day simple moving average is $59.54. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.11. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44.

Synchrony Financial (NYSE:SYF - Get Free Report) last released 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. The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.80 billion. Synchrony Financial had a net margin of 13.00% and a return on equity of 19.68%. On average, research analysts expect 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 was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.85%. This is an increase from Synchrony Financial's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 5th. Synchrony Financial's payout ratio 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.

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