Synchrony Financial (NYSE:SYF) Stock Position Lifted by Jag Capital Management LLC

Jag Capital Management LLC grew its position in shares of Synchrony Financial (NYSE:SYF) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,494 shares of the financial services provider’s stock after buying an additional 998 shares during the period. Jag Capital Management LLC’s holdings in Synchrony Financial were worth $4,257,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SYF. Southpoint Capital Advisors LP lifted its holdings in Synchrony Financial by 37.9% during the 3rd quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock worth $229,448,000 after buying an additional 1,265,000 shares during the last quarter. Zurich Insurance Group Ltd FI lifted its holdings in Synchrony Financial by 389.8% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 1,138,672 shares of the financial services provider’s stock worth $56,797,000 after buying an additional 906,172 shares during the last quarter. Soros Fund Management LLC bought a new position in Synchrony Financial during the 3rd quarter worth approximately $41,088,000. Nordea Investment Management AB raised its position in shares of Synchrony Financial by 18.5% during the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock worth $200,756,000 after purchasing an additional 481,750 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Synchrony Financial by 71.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,130,266 shares of the financial services provider’s stock worth $56,378,000 after purchasing an additional 469,772 shares during the period. Institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on SYF shares. The Goldman Sachs Group increased their price target on Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Compass Point cut Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Tuesday, January 28th. UBS Group increased their price target on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Finally, Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. Seven 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.30.

Synchrony Financial Trading Down 4.4 %

Synchrony Financial stock opened at $57.98 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The business’s 50-day simple moving average is $65.81 and its 200-day simple moving average is $59.85. The firm has a market capitalization of $22.54 billion, a PE ratio of 6.79, a PEG ratio of 0.71 and a beta of 1.63. Synchrony Financial has a 52 week low of $39.67 and a 52 week high of $70.93.

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

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 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.