Synchrony Financial (NYSE:SYF) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its position in shares of Synchrony Financial (NYSE:SYF) by 44.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,901 shares of the financial services provider’s stock after purchasing an additional 11,273 shares during the period. Mizuho Securities USA LLC’s holdings in Synchrony Financial were worth $2,399,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC acquired a new position in Synchrony Financial in the 4th quarter worth $26,000. TCTC Holdings LLC acquired a new position in shares of Synchrony Financial in the fourth quarter worth about $27,000. Larson Financial Group LLC boosted its holdings in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Y.D. More Investments Ltd grew its stake 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 valued at $31,000 after purchasing an additional 253 shares in the last quarter. Finally, Quarry LP increased its holdings in Synchrony Financial by 301.3% during the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 675 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on SYF. The Goldman Sachs Group reduced their target price on Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $59.00 to $72.00 in a report on Monday, December 9th. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Truist Financial decreased their price target on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a research note on Friday. Finally, UBS Group increased their target price on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.10.

Synchrony Financial Trading Up 3.4 %

Synchrony Financial stock opened at $55.83 on Tuesday. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 6.54, a PEG ratio of 0.71 and a beta of 1.67. The firm has a 50-day moving average price of $62.23 and a two-hundred day moving average price of $60.41.

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 the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Sell-side analysts expect that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is 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.