Synchrony Financial (NYSE:SYF) Shares Purchased by Sciencast Management LP

Sciencast Management LP grew its stake in shares of Synchrony Financial (NYSE:SYF) by 54.3% in the fourth quarter, HoldingsChannel reports. The fund owned 41,856 shares of the financial services provider’s stock after buying an additional 14,732 shares during the quarter. Sciencast Management LP’s holdings in Synchrony Financial were worth $2,721,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Bogart Wealth LLC acquired a new stake in Synchrony Financial during the fourth quarter worth about $26,000. TCTC Holdings LLC acquired a new stake in Synchrony Financial during the 4th quarter worth approximately $27,000. Y.D. More Investments Ltd raised its holdings 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. Larson Financial Group LLC raised its holdings 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. Finally, Raleigh Capital Management Inc. lifted its position in Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after buying an additional 486 shares in the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SYF shares. Truist Financial reduced their target price on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a report on Friday. UBS Group increased their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Keefe, Bruyette & Woods lifted their price target on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Bank of America increased 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. Finally, JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.10.

Synchrony Financial Stock Up 0.4 %

Shares of SYF stock opened at $54.07 on Friday. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The business’s fifty day moving average is $62.41 and its 200-day moving average is $60.20. The stock has a market cap of $21.02 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping 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%. Equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

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.