Interchange Capital Partners LLC Invests $242,000 in Synchrony Financial (NYSE:SYF)

Interchange Capital Partners LLC purchased a new stake in shares of Synchrony Financial (NYSE:SYF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,721 shares of the financial services provider’s stock, valued at approximately $242,000.

Other hedge funds have also bought and sold shares of the company. Bogart Wealth LLC bought a new position in shares of Synchrony Financial during the fourth quarter valued at approximately $26,000. TCTC Holdings LLC purchased a new stake in shares of Synchrony Financial in the 4th quarter worth approximately $27,000. Larson Financial Group LLC increased its position in 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 in the last quarter. Y.D. More Investments Ltd raised its stake in 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 valued at $31,000 after buying an additional 253 shares during the last quarter. Finally, Quarry LP boosted its holdings in 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 in the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of NYSE:SYF opened at $55.83 on Tuesday. The firm’s 50 day moving average price is $62.23 and its 200-day moving average price is $60.41. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $21.70 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93.

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

Synchrony Financial Announces Dividend

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

Analysts Set New Price Targets

SYF has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their price target for the company from $59.00 to $72.00 in a report on Monday, December 9th. Compass Point cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Tuesday, January 28th. Royal Bank of Canada increased their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Bank of America raised their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, Truist Financial lowered their price objective on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average price target of $68.10.

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.