Commerzbank Aktiengesellschaft FI Purchases New Holdings in Synchrony Financial (NYSE:SYF)

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Synchrony Financial (NYSE:SYF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,933 shares of the financial services provider’s stock, valued at approximately $256,000.

Other large investors have also recently bought and sold shares of the company. Bogart Wealth LLC bought a new stake in Synchrony Financial in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC raised its stake 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 buying an additional 292 shares during the period. Y.D. More Investments Ltd raised its stake in Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after buying an additional 253 shares during the period. Quarry LP raised its stake in Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after buying an additional 675 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in Synchrony Financial in the third quarter valued at approximately $50,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Price Performance

Shares of NYSE SYF opened at $55.81 on Thursday. The stock has a market capitalization of $21.70 billion, a PE ratio of 6.54, a P/E/G ratio of 0.71 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day moving average price of $65.39 and a two-hundred day moving average price of $59.88. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Synchrony Financial will post 7.67 earnings per share for the current fiscal 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 paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.79%. Synchrony Financial’s payout ratio is 11.71%.

Wall Street Analyst Weigh In

SYF has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Bank of America upped their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group increased their target price on Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

About Synchrony Financial

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.