NEOS Investment Management LLC Buys 6,120 Shares of Synchrony Financial (NYSE:SYF)

NEOS Investment Management LLC increased its stake in shares of Synchrony Financial (NYSE:SYF) by 31.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,622 shares of the financial services provider’s stock after buying an additional 6,120 shares during the period. NEOS Investment Management LLC’s holdings in Synchrony Financial were worth $1,665,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SYF. Allianz Asset Management GmbH lifted its position in Synchrony Financial by 7.4% during the fourth quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock worth $358,105,000 after acquiring an additional 380,870 shares during the last quarter. Southpoint Capital Advisors LP lifted its holdings in Synchrony Financial by 37.9% during the 3rd quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock worth $229,448,000 after purchasing an additional 1,265,000 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Synchrony Financial by 3.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider’s stock valued at $221,830,000 after purchasing an additional 157,948 shares during the period. Nordea Investment Management AB grew its holdings in Synchrony Financial by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock valued at $200,756,000 after buying an additional 481,750 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in Synchrony Financial by 16.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,943,817 shares of the financial services provider’s stock worth $126,348,000 after buying an additional 279,517 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $52.39 on Friday. The company’s 50 day moving average price is $61.17 and its two-hundred day moving average price is $60.51. The firm has a market capitalization of $20.37 billion, a P/E ratio of 6.13, a P/E/G ratio of 0.71 and a beta of 1.67. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week 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.

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

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.91%. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Analyst Upgrades and Downgrades

SYF has been the topic of several research reports. Royal Bank of Canada upped their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. UBS Group raised 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. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $59.00 to $72.00 in a research note on Monday, December 9th. StockNews.com lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.10.

Synchrony Financial Company 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.