Charles Schwab Investment Management Inc. Has $224.10 Million Position in Synchrony Financial (NYSE:SYF)

Charles Schwab Investment Management Inc. lessened its holdings in Synchrony Financial (NYSE:SYF) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,447,739 shares of the financial services provider’s stock after selling 101,357 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Synchrony Financial were worth $224,103,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Private Advisor Group LLC acquired a new stake in shares of Synchrony Financial during the third quarter worth approximately $276,000. US Bancorp DE boosted its stake in shares of Synchrony Financial by 4.8% during the 3rd quarter. US Bancorp DE now owns 42,216 shares of the financial services provider’s stock valued at $2,106,000 after buying an additional 1,949 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Synchrony Financial by 39.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,749 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 496 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Synchrony Financial by 396.1% in the third quarter. Janney Montgomery Scott LLC now owns 22,759 shares of the financial services provider’s stock worth $1,135,000 after acquiring an additional 18,171 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Synchrony Financial by 4.6% in the third quarter. Van ECK Associates Corp now owns 15,482 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 676 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SYF shares. Keefe, Bruyette & Woods boosted their target price on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Truist Financial raised their price objective on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Finally, Royal Bank of Canada increased their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.30.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $54.04 on Friday. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The company has a market cap of $21.01 billion, a P/E ratio of 6.33, a P/E/G ratio of 0.71 and a beta of 1.63. The business’s 50 day moving average is $65.13 and its two-hundred day moving average is $59.84. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

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

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Synchrony Financial 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.