G&S Capital LLC Invests $1.19 Million in Synchrony Financial (NYSE:SYF)

G&S Capital LLC acquired a new position in Synchrony Financial (NYSE:SYF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,352 shares of the financial services provider's stock, valued at approximately $1,193,000.

A number of other institutional investors also recently bought and sold shares of the business. Y.D. More Investments Ltd increased its holdings in shares of Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. Larson Financial Group LLC lifted its stake in Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after purchasing an additional 292 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after buying an additional 486 shares during the last quarter. Quarry LP boosted its position in shares of Synchrony Financial by 301.3% during the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 675 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Synchrony Financial in the 3rd quarter valued at approximately $50,000. 96.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SYF. JPMorgan Chase & Co. upgraded Synchrony Financial from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $59.00 to $72.00 in a report on Monday, December 9th. Evercore ISI increased their price objective on Synchrony Financial from $58.00 to $65.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Bank of America increased their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, Morgan Stanley raised shares of Synchrony Financial from an "underweight" rating to an "overweight" rating and boosted their price target for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $69.30.

Synchrony Financial Price Performance

SYF stock traded up $1.11 on Monday, reaching $65.19. 2,063,295 shares of the company's stock were exchanged, compared to its average volume of 3,743,421. The stock has a fifty day moving average of $66.93 and a 200-day moving average of $58.60. 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 firm has a market cap of $25.38 billion, a PE ratio of 7.63, a P/E/G ratio of 0.72 and a beta of 1.63. Synchrony Financial has a twelve month low of $39.26 and a twelve month high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (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%. As a group, equities analysts predict that Synchrony Financial will post 7.45 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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

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.