Synchrony Financial (NYSE:SYF) Stock Position Lifted by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lifted its position in Synchrony Financial (NYSE:SYF - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,141,146 shares of the financial services provider's stock after acquiring an additional 10,880 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.29% of Synchrony Financial worth $74,174,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC bought a new stake in Synchrony Financial during the fourth quarter valued at $26,000. TCTC Holdings LLC acquired a new position in shares of Synchrony Financial in the 4th quarter valued at about $27,000. Y.D. More Investments Ltd grew its position in shares of Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after buying an additional 253 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after acquiring an additional 486 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Synchrony Financial by 46.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock worth $53,000 after acquiring an additional 257 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $52.39 on Friday. Synchrony Financial has a 1 year low of $40.55 and a 1 year high of $70.93. The firm has a market cap of $20.37 billion, a P/E ratio of 6.13, a PEG ratio of 0.71 and a beta of 1.45. The stock has a fifty day moving average price of $51.91 and a two-hundred day moving average price of $60.22. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its earnings results 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. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. The business had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.80 billion. Research analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.30 dividend. This is an increase from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Monday, May 5th. Synchrony Financial's payout ratio is presently 16.46%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SYF. JPMorgan Chase & Co. dropped their price target on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $44.00 target price (down from $82.00) on shares of Synchrony Financial in a research report on Monday, April 7th. Bank of America boosted their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Wells Fargo & Company dropped their price objective on shares of Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI reduced their target price 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. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $63.95.

About Synchrony Financial

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.