Edmond DE Rothschild Holding S.A. Has $268,000 Stock Holdings in Synchrony Financial (NYSE:SYF)

Edmond DE Rothschild Holding S.A. reduced its position in shares of Synchrony Financial (NYSE:SYF) by 27.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,122 shares of the financial services provider’s stock after selling 1,586 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Synchrony Financial were worth $268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SYF. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial during the fourth quarter worth about $26,000. TCTC Holdings LLC acquired a new position in Synchrony Financial during the 4th quarter valued at about $27,000. Y.D. More Investments Ltd increased its holdings in 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 worth $31,000 after purchasing an additional 253 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Synchrony Financial by 151.4% in the fourth 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. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Synchrony Financial by 46.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 257 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

SYF has been the subject of several recent research reports. StockNews.com downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $82.00 in a report on Thursday, December 19th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $59.00 to $72.00 in a report on Monday, December 9th. UBS Group increased their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Finally, Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $59.00 to $79.00 in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.10.

Synchrony Financial Trading Up 3.5 %

Shares of SYF stock opened at $55.11 on Thursday. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The company’s fifty day simple moving average is $60.22 and its two-hundred day simple moving average is $60.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Synchrony Financial’s dividend payout ratio (DPR) is currently 11.71%.

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.