ZEGA Investments LLC Purchases New Stake in Synchrony Financial (NYSE:SYF)

ZEGA Investments LLC acquired a new stake in Synchrony Financial (NYSE:SYF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,120 shares of the financial services provider’s stock, valued at approximately $220,000.

Several other large investors also recently modified their holdings of the stock. Bogart Wealth LLC bought a new position in Synchrony Financial in the 4th quarter valued at about $26,000. TCTC Holdings LLC bought a new position in shares of Synchrony Financial during the fourth quarter worth approximately $27,000. Larson Financial Group LLC increased its stake in shares of Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 292 shares during the period. Y.D. More Investments Ltd increased its stake in shares of Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 253 shares during the period. Finally, Quarry LP increased its position in Synchrony Financial by 301.3% during the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after buying an additional 675 shares during the period. 96.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SYF has been the topic of a number of recent research reports. Bank of America raised their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Truist Financial lowered 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. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. Finally, Morgan Stanley upgraded Synchrony Financial from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Synchrony Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.10.

Synchrony Financial Trading Up 0.4 %

SYF opened at $54.07 on Friday. 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. The firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.71 and a beta of 1.67. The company’s 50 day moving average price is $62.41 and its two-hundred day moving average price is $60.20.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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%. As a group, research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. Synchrony Financial’s payout ratio is 11.71%.

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.