Universal Beteiligungs und Servicegesellschaft mbH Invests $7.80 Million in Synovus Financial Corp. (NYSE:SNV)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Synovus Financial Corp. (NYSE:SNV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 152,233 shares of the bank's stock, valued at approximately $7,799,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Synovus Financial as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Synovus Financial during the 4th quarter valued at approximately $77,209,000. AQR Capital Management LLC boosted its holdings in shares of Synovus Financial by 226.5% in the 4th quarter. AQR Capital Management LLC now owns 1,065,249 shares of the bank's stock worth $54,573,000 after purchasing an additional 738,983 shares during the period. FMR LLC boosted its holdings in shares of Synovus Financial by 3.6% in the 4th quarter. FMR LLC now owns 12,041,625 shares of the bank's stock worth $616,892,000 after purchasing an additional 415,201 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Synovus Financial by 349.4% in the 4th quarter. Prudential Financial Inc. now owns 529,147 shares of the bank's stock worth $27,108,000 after purchasing an additional 411,411 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Synovus Financial by 5,495.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 349,866 shares of the bank's stock worth $17,924,000 after purchasing an additional 343,613 shares during the period. Institutional investors own 83.85% of the company's stock.

Synovus Financial Stock Performance

Shares of NYSE SNV traded up $0.98 during mid-day trading on Tuesday, hitting $48.34. The stock had a trading volume of 436,080 shares, compared to its average volume of 1,399,117. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50 day moving average of $44.50 and a two-hundred day moving average of $49.90. Synovus Financial Corp. has a twelve month low of $35.81 and a twelve month high of $59.92. The firm has a market cap of $6.72 billion, a PE ratio of 15.86, a PEG ratio of 1.11 and a beta of 1.13.

Synovus Financial (NYSE:SNV - Get Free Report) last released its earnings results on Wednesday, April 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.19. Synovus Financial had a return on equity of 14.70% and a net margin of 14.05%. The firm had revenue of $573.24 million for the quarter, compared to the consensus estimate of $572.35 million. Research analysts predict that Synovus Financial Corp. will post 4.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNV has been the subject of a number of recent research reports. Barclays dropped their target price on Synovus Financial from $66.00 to $60.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price objective on shares of Synovus Financial from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Wells Fargo & Company decreased their price objective on shares of Synovus Financial from $60.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group began coverage on shares of Synovus Financial in a research note on Wednesday, May 21st. They issued a "hold" rating and a $55.00 price objective for the company. Finally, Truist Financial began coverage on shares of Synovus Financial in a research note on Tuesday, May 13th. They issued a "buy" rating and a $56.00 price objective for the company. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.56.

Synovus Financial Profile

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services.