Stratos Wealth Partners LTD. Makes New Investment in Synchrony Financial (NYSE:SYF)

Stratos Wealth Partners LTD. bought a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,665 shares of the financial services provider's stock, valued at approximately $823,000.

Other large investors have also recently made changes to their positions in the company. Yousif Capital Management LLC grew its position in Synchrony Financial by 7.0% during the fourth quarter. Yousif Capital Management LLC now owns 71,460 shares of the financial services provider's stock worth $4,645,000 after buying an additional 4,687 shares in the last quarter. Ninety One SA PTY Ltd bought a new stake in shares of Synchrony Financial during the 4th quarter valued at about $6,951,000. One Wealth Advisors LLC bought a new position in shares of Synchrony Financial in the fourth quarter worth approximately $361,000. SYM FINANCIAL Corp bought a new position in shares of Synchrony Financial in the fourth quarter worth approximately $279,000. Finally, Precision Wealth Strategies LLC purchased a new stake in Synchrony Financial in the fourth quarter valued at approximately $592,000. 96.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SYF shares. UBS Group increased their price target on shares of 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 raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Synchrony Financial from $58.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Truist Financial upped their price objective on Synchrony Financial from $72.00 to $77.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Finally, The Goldman Sachs Group raised their price objective on Synchrony Financial from $72.50 to $82.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.30.

Synchrony Financial Stock Up 1.7 %

NYSE:SYF traded up $1.11 during mid-day trading on Friday, hitting $65.19. 2,063,295 shares of the company's stock were exchanged, compared to its average volume of 3,666,167. The company has a market cap of $25.34 billion, a PE ratio of 7.63, a P/E/G ratio of 0.72 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.25. Synchrony Financial has a one year low of $39.26 and a one year high of $70.93. The business has a fifty day moving average price of $66.99 and a 200 day moving average price of $58.39.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted 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 return on equity of 18.30% and a net margin of 15.36%. Equities analysts predict that Synchrony Financial will post 7.45 EPS for the current year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial's payout ratio is 11.71%.

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.