One Wealth Advisors LLC Invests $361,000 in Synchrony Financial (NYSE:SYF)

One Wealth Advisors LLC bought a new position in shares of Synchrony Financial (NYSE:SYF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,547 shares of the financial services provider’s stock, valued at approximately $361,000.

Several other institutional investors have also added to or reduced their stakes in the company. Graypoint LLC raised its stake 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 last quarter. Wedmont Private Capital increased its position in shares of Synchrony Financial by 2.6% during the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 192 shares during the last quarter. Empirical Finance LLC increased its position in shares of Synchrony Financial by 1.3% during the third quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider’s stock valued at $773,000 after acquiring an additional 204 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Synchrony Financial by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider’s stock valued at $1,314,000 after acquiring an additional 213 shares during the last quarter. Finally, CX Institutional increased its position in shares of Synchrony Financial by 4.0% during the fourth quarter. CX Institutional now owns 5,755 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 222 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Insider Transactions at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the sale, the insider now owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $67.52 on Tuesday. Synchrony Financial has a 52 week low of $38.03 and a 52 week high of $70.93. The business has a 50-day simple moving average of $67.16 and a 200 day simple moving average of $57.51. The company has a quick ratio of 1.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market cap of $26.29 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.76 and a beta of 1.63.

Synchrony Financial (NYSE:SYF) last posted its 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 return on equity of 18.30% and a net margin of 15.36%. On average, research analysts forecast that Synchrony Financial will post 7.08 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial’s payout ratio is currently 11.71%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Evercore ISI boosted their target price on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their target price on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Finally, Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Synchrony Financial currently has a consensus rating of “Moderate Buy” and an average price target of $69.30.

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.