Potentia Wealth Acquires Shares of 12,901 Synchrony Financial (NYSE:SYF)

Potentia Wealth purchased a new stake in shares of Synchrony Financial (NYSE:SYF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,901 shares of the financial services provider’s stock, valued at approximately $839,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of Synchrony Financial during the 4th quarter valued at about $26,000. TCTC Holdings LLC bought a new stake in Synchrony Financial in the 4th quarter worth approximately $27,000. Larson Financial Group LLC lifted its holdings in shares of Synchrony Financial by 92.7% during the 3rd 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 boosted its stake in shares of Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after buying an additional 253 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 675 shares during the period. Institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SYF. Morgan Stanley upgraded Synchrony Financial from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. StockNews.com cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Monday. Truist Financial dropped their price target on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday. Keefe, Bruyette & Woods upped their price objective on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. 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 report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. 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 3.4 %

Shares of SYF opened at $55.83 on Tuesday. The business’s 50 day simple moving average is $62.23 and its 200-day simple moving average is $60.41. 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 current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. As a group, equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

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.