TD SYNNEX Co. (NYSE:SNX) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC increased its position in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,682 shares of the business services provider's stock after purchasing an additional 3,383 shares during the period. MetLife Investment Management LLC owned 0.05% of TD SYNNEX worth $5,006,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC grew its stake in TD SYNNEX by 345.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider's stock valued at $27,000 after acquiring an additional 176 shares in the last quarter. Bessemer Group Inc. grew its position in shares of TD SYNNEX by 174.7% during the fourth quarter. Bessemer Group Inc. now owns 239 shares of the business services provider's stock valued at $28,000 after purchasing an additional 152 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of TD SYNNEX by 48.4% in the fourth quarter. UMB Bank n.a. now owns 429 shares of the business services provider's stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Blue Trust Inc. lifted its position in shares of TD SYNNEX by 37.7% in the fourth quarter. Blue Trust Inc. now owns 471 shares of the business services provider's stock worth $55,000 after buying an additional 129 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in TD SYNNEX by 31.9% during the fourth quarter. Global Retirement Partners LLC now owns 480 shares of the business services provider's stock valued at $56,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insiders Place Their Bets

In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total value of $193,400.80. Following the completion of the transaction, the chief financial officer now directly owns 49,843 shares in the company, valued at approximately $6,383,891.44. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 20,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $135.88, for a total transaction of $2,717,600.00. Following the transaction, the director now owns 65,480 shares of the company's stock, valued at approximately $8,897,422.40. This trade represents a 23.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,333 shares of company stock worth $3,886,690 in the last ninety days. 1.00% of the stock is owned by company insiders.

TD SYNNEX Trading Down 0.2 %

Shares of SNX traded down $0.19 during mid-day trading on Wednesday, reaching $110.88. 584,374 shares of the company's stock traded hands, compared to its average volume of 750,619. TD SYNNEX Co. has a 12 month low of $92.23 and a 12 month high of $145.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. The stock has a market cap of $9.31 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.06 and a beta of 1.36. The stock's 50-day moving average is $116.89 and its two-hundred day moving average is $123.35.

TD SYNNEX (NYSE:SNX - Get Free Report) last released its earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.87 by ($0.07). The business had revenue of $14.53 billion during the quarter, compared to analysts' expectations of $14.79 billion. TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.99 EPS. Research analysts forecast that TD SYNNEX Co. will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.59%. TD SYNNEX's payout ratio is 21.97%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SNX shares. Cfra decreased their price objective on TD SYNNEX from $147.00 to $132.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Barrington Research reaffirmed an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a research note on Friday, April 11th. The Goldman Sachs Group dropped their price objective on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Royal Bank of Canada decreased their target price on shares of TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Barclays dropped their price target on TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating for the company in a research report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $137.22.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.