Measured Wealth Private Client Group LLC Invests $568,000 in Synchrony Financial (NYSE:SYF)

Measured Wealth Private Client Group LLC purchased a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,745 shares of the financial services provider's stock, valued at approximately $568,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Marshall Wace LLP bought a new stake in Synchrony Financial in the second quarter valued at about $444,000. Czech National Bank increased its stake in shares of Synchrony Financial by 5.2% in the 3rd quarter. Czech National Bank now owns 80,511 shares of the financial services provider's stock valued at $4,016,000 after acquiring an additional 3,992 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Synchrony Financial by 21.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,711 shares of the financial services provider's stock valued at $335,000 after acquiring an additional 1,165 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Synchrony Financial in the 3rd quarter valued at approximately $244,000. Finally, CWM LLC boosted its stake in Synchrony Financial by 2.6% during the 3rd quarter. CWM LLC now owns 20,772 shares of the financial services provider's stock worth $1,036,000 after acquiring an additional 526 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Down 2.8 %

Shares of NYSE:SYF traded down $1.87 during trading on Monday, hitting $65.62. 3,817,672 shares of the company were exchanged, compared to its average volume of 3,609,633. Synchrony Financial has a fifty-two week low of $38.25 and a fifty-two week high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.25 and a debt-to-equity ratio of 1.01. The firm has a fifty day moving average price of $67.17 and a two-hundred day moving average price of $58.11. The stock has a market cap of $25.55 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 0.72 and a beta of 1.63.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that Synchrony Financial will post 7.45 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Monday, February 3rd. Synchrony Financial's dividend payout ratio is presently 11.71%.

Insider Buying and Selling at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 34,163 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the transaction, the insider now owns 127,587 shares in the company, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

SYF has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Synchrony Financial from $58.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. TD Cowen lifted their target price on Synchrony Financial from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Compass Point cut Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price for the company. in a research note on Tuesday, January 28th. Evercore ISI raised their price target on Synchrony Financial from $58.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Truist Financial lifted their price objective on Synchrony Financial from $72.00 to $77.00 and gave the company a "hold" rating in a report on Thursday, January 30th. Seven investment 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. Based on data from MarketBeat.com, Synchrony Financial presently has an average rating of "Moderate Buy" and a consensus price target of $69.30.

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.