106,467 Shares in Synchrony Financial (NYSE:SYF) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 106,467 shares of the financial services provider's stock, valued at approximately $6,920,000.

Several other hedge funds have also recently added to or reduced their stakes in SYF. Bogart Wealth LLC purchased a new position in shares of Synchrony Financial during the 4th quarter valued at about $26,000. TCTC Holdings LLC purchased a new position in shares of Synchrony Financial during the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd raised 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 acquiring an additional 253 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Synchrony Financial by 151.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after acquiring an additional 486 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Synchrony Financial by 46.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 257 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley reissued an "equal weight" rating and issued a $44.00 price target (down from $82.00) on shares of Synchrony Financial in a research note on Monday, April 7th. 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. Cfra Research upgraded Synchrony Financial to a "hold" rating in a research report on Tuesday, April 22nd. 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 note on Tuesday, January 28th. Finally, Wells Fargo & Company dropped their price objective on Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $63.95.

Synchrony Financial Stock Down 1.0 %

Shares of NYSE:SYF opened at $51.42 on Monday. The firm has a market capitalization of $19.99 billion, a P/E ratio of 6.02, a P/E/G ratio of 0.71 and a beta of 1.45. 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 stock has a 50 day moving average price of $52.76 and a 200-day moving average price of $60.35. Synchrony Financial has a 52-week low of $40.55 and a 52-week high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.26. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.80 billion. As a group, equities research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, May 5th. This represents a $1.20 annualized dividend and a yield of 2.33%. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.25. Synchrony Financial's payout ratio is presently 16.46%.

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.

Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.