TD SYNNEX Co. (NYSE:SNX) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its stake in shares of TD SYNNEX Co. (NYSE:SNXFree Report) by 8.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 996 shares of the business services provider’s stock after selling 89 shares during the period. Fifth Third Bancorp’s holdings in TD SYNNEX were worth $117,000 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. Bartlett & CO. Wealth Management LLC raised its stake in shares of TD SYNNEX by 345.1% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 227 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the period. V Square Quantitative Management LLC acquired a new stake in TD SYNNEX during the 3rd quarter valued at $30,000. UMB Bank n.a. increased its stake in TD SYNNEX by 99.3% during the 3rd quarter. UMB Bank n.a. now owns 289 shares of the business services provider’s stock worth $35,000 after buying an additional 144 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in TD SYNNEX in the 3rd quarter worth $37,000. Finally, Point72 DIFC Ltd purchased a new position in TD SYNNEX in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Transactions at TD SYNNEX

In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $121.13, for a total transaction of $182,906.30. Following the sale, the chief financial officer now directly owns 48,362 shares of the company’s stock, valued at approximately $5,858,089.06. This represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann F. Vezina sold 839 shares of TD SYNNEX stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the transaction, the director now owns 4,856 shares of the company’s stock, valued at $660,804.48. This trade represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,715 shares of company stock valued at $3,433,500. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SNX has been the subject of a number of analyst reports. Loop Capital reissued a “buy” rating and issued a $150.00 price target on shares of TD SYNNEX in a report on Monday, October 7th. StockNews.com upgraded TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and issued a $140.00 price target on shares of TD SYNNEX in a research note on Wednesday, January 15th. Barclays increased their price objective on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and an average target price of $144.38.

Read Our Latest Stock Analysis on TD SYNNEX

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $142.61 on Friday. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.05 and a beta of 1.46. The business has a 50 day moving average price of $126.35 and a 200 day moving average price of $120.62. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a twelve month low of $98.70 and a twelve month high of $144.18.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were given a $0.44 dividend. The ex-dividend date was Friday, January 24th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio (DPR) is currently 22.11%.

TD SYNNEX Company Profile

(Free Report)

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.

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Institutional Ownership by Quarter for TD SYNNEX (NYSE:SNX)

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