Synchrony Financial (NYSE:SYF) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 251.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 414,320 shares of the financial services provider's stock after purchasing an additional 296,438 shares during the period. Achmea Investment Management B.V. owned 0.11% of Synchrony Financial worth $21,935,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Covestor Ltd grew its holdings in Synchrony Financial by 6.0% during the 4th quarter. Covestor Ltd now owns 3,085 shares of the financial services provider's stock valued at $200,000 after buying an additional 174 shares during the last quarter. Smithfield Trust Co lifted its position in shares of Synchrony Financial by 19.7% in the fourth 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. Gotham Asset Management LLC boosted its stake in shares of Synchrony Financial by 2.0% during the fourth quarter. Gotham Asset Management LLC now owns 11,505 shares of the financial services provider's stock valued at $748,000 after acquiring an additional 226 shares during the last quarter. Invst LLC increased its position in Synchrony Financial by 1.2% during the 4th quarter. Invst LLC now owns 20,560 shares of the financial services provider's stock worth $1,336,000 after purchasing an additional 239 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its position in Synchrony Financial by 0.6% during the 4th quarter. Great Lakes Advisors LLC now owns 40,139 shares of the financial services provider's stock worth $2,609,000 after purchasing an additional 240 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SYF has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Synchrony Financial from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Truist Financial lifted their target price on shares of Synchrony Financial from $63.00 to $68.00 and gave the stock a "hold" rating in a research note on Friday, June 13th. Evercore ISI decreased their price objective on Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on 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, Wells Fargo & Company lowered their price target on Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $64.78.

Synchrony Financial Stock Up 1.5%

Shares of Synchrony Financial stock opened at $65.87 on Friday. Synchrony Financial has a twelve month low of $40.55 and a twelve month high of $70.93. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.11. The company has a fifty day moving average price of $57.61 and a 200 day moving average price of $59.52.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.26. Synchrony Financial had a return on equity of 19.68% and a net margin of 13.00%. The company had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.80 billion. Equities research analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $0.30 dividend. The ex-dividend date was Monday, May 5th. This is an increase from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 1.82%. Synchrony Financial's dividend payout ratio is 16.46%.

Insider Buying and Selling

In other Synchrony Financial news, insider Jonathan S. Mothner sold 40,639 shares of Synchrony Financial stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $60.07, for a total transaction of $2,441,184.73. Following the sale, the insider now directly owns 146,628 shares in the company, valued at $8,807,943.96. The trade was a 21.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis Howse sold 11,380 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $65.00, for a total value of $739,700.00. Following the transaction, the insider now owns 108,062 shares of the company's stock, valued at approximately $7,024,030. This trade represents a 9.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by insiders.

Synchrony Financial 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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