51,638 Shares in Synchrony Financial (NYSE:SYF) Purchased by Vista Investment Partners II LLC

Vista Investment Partners II LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 51,638 shares of the financial services provider's stock, valued at approximately $3,356,000. Synchrony Financial makes up approximately 2.0% of Vista Investment Partners II LLC's holdings, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in SYF. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC lifted its position in Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after buying an additional 292 shares during the period. Y.D. More Investments Ltd lifted its position in 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 buying an additional 253 shares during the period. Quarry LP raised its holdings in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider's stock worth $45,000 after purchasing an additional 675 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Synchrony Financial in the 3rd quarter worth about $50,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Stock Up 1.1 %

Shares of NYSE:SYF opened at $54.77 on Monday. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The stock has a market cap of $21.29 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.71 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a fifty day moving average price of $64.91 and a 200 day moving average price of $60.07.

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Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. Synchrony Financial's dividend payout ratio (DPR) is 11.71%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Compass Point downgraded Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target on the stock. in a report on Tuesday, January 28th. Royal Bank of Canada boosted their price target 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. Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Truist Financial increased their price objective on Synchrony Financial from $72.00 to $77.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.

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