3,557 Shares in Synchrony Financial (NYSE:SYF) Purchased by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC bought a new stake in shares of Synchrony Financial (NYSE:SYF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,557 shares of the financial services provider’s stock, valued at approximately $231,000.

Several other large investors have also modified their holdings of SYF. Farther Finance Advisors LLC boosted its position in shares of Synchrony Financial by 39.6% during the third quarter. Farther Finance Advisors LLC now owns 1,749 shares of the financial services provider’s stock valued at $87,000 after buying an additional 496 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Synchrony Financial by 396.1% during the third quarter. Janney Montgomery Scott LLC now owns 22,759 shares of the financial services provider’s stock valued at $1,135,000 after buying an additional 18,171 shares during the period. Principal Financial Group Inc. boosted its position in shares of Synchrony Financial by 2.2% during the third quarter. Principal Financial Group Inc. now owns 487,720 shares of the financial services provider’s stock valued at $24,327,000 after buying an additional 10,294 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Synchrony Financial by 36.6% during the third quarter. Venturi Wealth Management LLC now owns 1,662 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 445 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in shares of Synchrony Financial by 5.1% during the third quarter. Apollon Wealth Management LLC now owns 6,934 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of SYF opened at $53.55 on Thursday. The firm has a market capitalization of $20.82 billion, a PE ratio of 6.27, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The company’s fifty day moving average price is $64.16 and its 200-day moving average price is $60.09.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate 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, equities research analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

Analyst Ratings Changes

Several analysts have recently weighed in on SYF shares. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $59.00 to $72.00 in a research note on Monday, December 9th. The Goldman Sachs Group boosted their price objective on shares of Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Bank of America boosted their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Finally, Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Synchrony Financial has a consensus rating of “Moderate Buy” and an average price target of $69.30.

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.