Synchrony Financial (NYSE:SYF) Shares Acquired by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department increased its holdings in shares of Synchrony Financial (NYSE:SYF) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,731 shares of the financial services provider’s stock after purchasing an additional 2,068 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Synchrony Financial were worth $2,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at $347,903,000. Nordea Investment Management AB grew its position in Synchrony Financial by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock valued at $200,756,000 after acquiring an additional 481,750 shares in the last quarter. Candriam S.C.A. grew its position in Synchrony Financial by 231.3% in the 4th quarter. Candriam S.C.A. now owns 559,510 shares of the financial services provider’s stock valued at $36,368,000 after acquiring an additional 390,602 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Synchrony Financial by 7.4% during the fourth quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock worth $358,105,000 after purchasing an additional 380,870 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Synchrony Financial during the fourth quarter worth about $24,185,000. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Trading Down 1.1 %

NYSE:SYF opened at $46.10 on Monday. 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 has a 52-week low of $39.67 and a 52-week high of $70.93. The stock’s 50 day moving average price is $56.20 and its 200 day moving average price is $60.49. The company has a market capitalization of $17.92 billion, a PE ratio of 5.40, a P/E/G ratio of 0.71 and a beta of 1.45.

Synchrony Financial (NYSE:SYF) last announced its earnings results 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 net margin of 15.36% and a return on equity of 18.30%. On average, research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued 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 2.17%. Synchrony Financial’s payout ratio is 11.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SYF. Morgan Stanley reaffirmed an “equal weight” rating and set a $44.00 target price (down from $82.00) on shares of Synchrony Financial in a research note on Monday, April 7th. Truist Financial reduced their price objective on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. StockNews.com cut Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Wells Fargo & Company reduced their price target on Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Finally, Compass Point downgraded Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.11.

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.