UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $297.50 Million Stock Position in Synchrony Financial (NYSE:SYF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,576,854 shares of the financial services provider's stock after purchasing an additional 382,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.18% of Synchrony Financial worth $297,496,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $26,000. TCTC Holdings LLC acquired a new stake in Synchrony Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd lifted its stake in Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 253 shares during the last quarter. Accredited Wealth Management LLC bought a new position in shares of Synchrony Financial in the 4th quarter valued at about $38,000. Finally, Raleigh Capital Management Inc. increased its stake in shares of Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after purchasing an additional 486 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Stock Down 4.2%

NYSE SYF opened at $57.32 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The company has a market cap of $21.82 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 0.71 and a beta of 1.42. The company has a 50 day moving average of $52.46 and a 200-day moving average of $60.42. Synchrony Financial has a 1-year low of $40.55 and a 1-year high of $70.93.

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

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Monday, May 5th. This is an increase from Synchrony Financial's previous quarterly dividend of $0.25. Synchrony Financial's payout ratio is 16.46%.

Analysts Set New Price Targets

SYF has been the subject of several recent analyst reports. Truist Financial cut their target price on shares of Synchrony Financial from $65.00 to $57.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Cfra Research upgraded Synchrony Financial to a "hold" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank of Canada lifted their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.95.

Insider Buying and Selling

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

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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