Synchrony Financial (NYSE:SYF) Stock Position Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Synchrony Financial (NYSE:SYFGet Rating) by 172.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,615 shares of the financial services provider’s stock after buying an additional 2,921 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Synchrony Financial were worth $127,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SYF. Clear Street Markets LLC grew its position in shares of Synchrony Financial by 392.0% during the 2nd quarter. Clear Street Markets LLC now owns 1,048 shares of the financial services provider’s stock valued at $29,000 after buying an additional 835 shares during the last quarter. Quent Capital LLC grew its position in Synchrony Financial by 50.1% in the 1st quarter. Quent Capital LLC now owns 1,003 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 335 shares during the last quarter. Column Capital Advisors LLC bought a new position in Synchrony Financial in the 1st quarter worth about $37,000. Lindbrook Capital LLC grew its position in Synchrony Financial by 50.1% in the 2nd quarter. Lindbrook Capital LLC now owns 1,411 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 471 shares during the last quarter. Finally, Covestor Ltd grew its position in Synchrony Financial by 138.8% in the 1st quarter. Covestor Ltd now owns 1,108 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 644 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Synchrony Financial Stock Up 10.6 %

SYF stock opened at $38.73 on Friday. Synchrony Financial has a 12 month low of $27.22 and a 12 month high of $51.08. The firm has a market cap of $17.45 billion, a PE ratio of 6.13, a P/E/G ratio of 0.88 and a beta of 1.61. The firm has a 50 day simple moving average of $32.41 and a 200 day simple moving average of $33.00. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.21 and a quick ratio of 1.21.

Synchrony Financial (NYSE:SYFGet Rating) last released its earnings results on Tuesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. Synchrony Financial had a net margin of 19.47% and a return on equity of 25.56%. The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.84 billion. Equities research analysts forecast that Synchrony Financial will post 5.87 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Tuesday, November 1st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.38%. The ex-dividend date was Monday, October 31st. Synchrony Financial’s dividend payout ratio is presently 14.56%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Stephens upped their target price on shares of Synchrony Financial from $29.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 19th. Piper Sandler decreased their target price on shares of Synchrony Financial from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, September 26th. TheStreet upgraded shares of Synchrony Financial from a “c+” rating to a “b-” rating in a research report on Tuesday, November 1st. Finally, Citigroup increased their price objective on shares of Synchrony Financial from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.79.

Synchrony Financial Profile

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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 cards, 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 to retail and commercial customers, as well as accepts deposits through third-party securities brokerage firms.

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Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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