<div id="readability-page-1"><p>Nuveen Asset Management LLC reduced its stake in  Synovus Financial Corp. (NYSE:SNV - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 314,342 shares of the bank's stock after selling 39,010 shares during the period. Nuveen Asset Management LLC owned approximately 0.22% of Synovus Financial worth $16,104,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Synovus Financial</strong> alerts:</span></p></div><ul><li>Analysts Remain Bullish On These 3 Regional Banks</li></ul><p>A number of other institutional investors have also recently modified their holdings of SNV. Norges Bank purchased a new stake in shares of  Synovus Financial in the fourth quarter worth $77,209,000.  AQR Capital Management LLC grew its stake in shares of  Synovus Financial by 226.5% in the fourth quarter. AQR Capital Management LLC now owns 1,065,249 shares of the bank's stock worth $54,573,000 after acquiring an additional 738,983 shares during the last quarter.  FMR LLC boosted its position in shares of  Synovus Financial by 3.6% during the fourth quarter. FMR LLC now owns 12,041,625 shares of the bank's stock valued at $616,892,000 after buying an additional 415,201 shares during the last quarter.  Prudential Financial Inc. boosted its position in shares of  Synovus Financial by 349.4% during the fourth quarter. Prudential Financial Inc. now owns 529,147 shares of the bank's stock valued at $27,108,000 after buying an additional 411,411 shares during the last quarter.  Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of  Synovus Financial by 5,495.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 349,866 shares of the bank's stock valued at $17,924,000 after buying an additional 343,613 shares during the last quarter. 83.85% of the stock is owned by hedge funds and other institutional investors. </p><h2>Synovus Financial Stock Down 0.5%</h2><p>SNV stock opened at $47.02 on Monday. Synovus Financial Corp. has a twelve month low of $35.81 and a twelve month high of $59.92. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.54 billion, a P/E ratio of 15.42, a PEG ratio of 1.11 and a beta of 1.13. The business's 50-day moving average price is $44.56 and its 200-day moving average price is $50.30. </p><p>Synovus Financial (NYSE:SNV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.19. Synovus Financial had a return on equity of 14.70% and a net margin of 14.05%. The firm had revenue of $573.24 million for the quarter, compared to analysts' expectations of $572.35 million.  On average, equities research analysts forecast that  Synovus Financial Corp. will post 4.89 EPS for the current year. </p><h2>Synovus Financial Increases Dividend</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 20th were given a dividend of $0.39 per share. This is a boost from Synovus Financial's previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date  was Thursday, March 20th. Synovus Financial's payout ratio is presently 43.70%. </p><h2>Wall Street Analyst Weigh In</h2><p>Several equities research analysts recently commented on SNV shares. Wells Fargo &amp; Company dropped their price objective on Synovus Financial from $60.00 to $50.00 and set an &#34;equal weight&#34; rating on the stock in a research report on Wednesday, April 9th. Stephens dropped their price objective on Synovus Financial from $52.00 to $46.00 and set an &#34;equal weight&#34; rating on the stock in a research report on Monday, April 21st. DA Davidson dropped their price objective on Synovus Financial from $65.00 to $60.00 and set a &#34;buy&#34; rating on the stock in a research report on Monday, April 21st. Raymond James cut Synovus Financial from an &#34;outperform&#34; rating to a &#34;market perform&#34; rating in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada dropped their price objective on Synovus Financial from $64.00 to $52.00 and set an &#34;outperform&#34; rating on the stock in a research report on Monday, April 21st. Nine research analysts have rated the stock with a hold rating, nine have assigned  a buy rating and one  has assigned  a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $56.56.</p><p><b>Get Our Latest Analysis on SNV</b></p><h2>Synovus Financial Company Profile</h2> (Free Report)<p>Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate lending services.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Synovus Financial</li><li>How Technical Indicators Can Help You Find Oversold Stocks </li><li>This Market Sell-Off Might Trigger a Value Rotation Into Pepsi </li><li>What is the S&amp;P 500 and How It is Distinct from Other Indexes</li><li>Alphabet Stock Lags—But Waymo May Be Its Hidden Driver</li><li>What does consumer price index measure? </li><li>Trade Desk Silences Critics; Recovery Looks Poised to Continue</li></ul><p><strong>Want to see what other hedge funds are holding SNV?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synovus Financial Corp. (NYSE:SNV - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNOVg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNOVg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Synovus Financial Right Now?</h2><p>Before you consider Synovus Financial, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Synovus Financial wasn't on the list.</p><p>While Synovus Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Nuveen Asset Management LLC has reduced its stake in Synovus Financial Corp. (NYSE:SNV) by 11.0%, now owning 314,342 shares valued at approximately $16.1 million. Other institutional investors have also adjusted their holdings. Synovus Financial's stock opened at $47.02, with a market cap of $6.54 billion. The company recently reported earnings of $1.30 per share, exceeding estimates, and increased its quarterly dividend to $0.39 per share. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average price target of $56.56.</p>

Nuveen Asset Management LLC Cuts Stake in Synovus Financial Corp. (NYSE:SNV)