WINTON GROUP Ltd Takes Position in Synchrony Financial (NYSE:SYF)

WINTON GROUP Ltd bought a new position in Synchrony Financial (NYSE:SYF) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 39,991 shares of the financial services provider’s stock, valued at approximately $2,599,000.

Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in shares of Synchrony Financial during the 4th quarter valued at $26,000. TCTC Holdings LLC purchased a new stake in Synchrony Financial during the fourth quarter valued at about $27,000. Larson Financial Group LLC increased its stake in 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 acquiring an additional 292 shares during the last quarter. Y.D. More Investments Ltd raised its holdings 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 purchasing an additional 253 shares during the period. Finally, Quarry LP raised its holdings in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 675 shares during the period. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SYF has been the subject of a number of research reports. UBS Group boosted their target price on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and raised their target price for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. 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 research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.10.

Synchrony Financial Trading Down 1.8 %

NYSE SYF opened at $54.19 on Friday. The company has a market capitalization of $21.07 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth 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. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The company’s fifty day moving average price is $61.50 and its two-hundred day moving average price is $60.39.

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

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 dividend yield of 1.85%. Synchrony Financial’s dividend payout ratio (DPR) is 11.71%.

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.