Argentarii LLC Buys Shares of 18,134 Synchrony Financial (NYSE:SYF)

Argentarii LLC bought a new stake in shares of Synchrony Financial (NYSE:SYF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,134 shares of the financial services provider’s stock, valued at approximately $1,179,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SYF. Apollon Wealth Management LLC increased its holdings in shares of Synchrony Financial by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 160 shares during the period. Gladstone Institutional Advisory LLC increased its holdings in shares of Synchrony Financial by 1.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock worth $604,000 after purchasing an additional 176 shares during the period. Graypoint LLC increased its holdings in shares of Synchrony Financial by 4.0% in the third quarter. Graypoint LLC now owns 4,668 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 181 shares during the period. Smithfield Trust Co increased its holdings in shares of Synchrony Financial by 19.7% in the fourth quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 181 shares during the period. Finally, Wedmont Private Capital increased its holdings in shares of Synchrony Financial by 2.6% in the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 192 shares during the period. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

SYF stock opened at $54.77 on Friday. The company has a market cap of $21.29 billion, a P/E ratio of 6.41, a PEG 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. The firm has a 50-day moving average of $64.91 and a 200 day moving average of $59.98. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results 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 net margin of 15.36% and a return on equity of 18.30%. On average, sell-side analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SYF shares. Bank of America upped their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their target price for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Finally, UBS Group upped their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Six research 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 stock. Based on data from MarketBeat.com, Synchrony Financial has a consensus rating of “Moderate Buy” and an average target price 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.