Applied Finance Capital Management LLC Invests $622,000 in Synchrony Financial (NYSE:SYF)

Applied Finance Capital Management LLC bought a new position in Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,569 shares of the financial services provider's stock, valued at approximately $622,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bogart Wealth LLC bought a new stake in Synchrony Financial in the 4th quarter worth approximately $26,000. TCTC Holdings LLC bought a new stake in Synchrony Financial in the fourth quarter worth $27,000. Y.D. More Investments Ltd increased its position in Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock worth $31,000 after purchasing an additional 253 shares during the last quarter. Quarry LP raised its stake in Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 675 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position 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 valued at $52,000 after purchasing an additional 486 shares during the last quarter. Institutional investors own 96.48% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group lowered their price objective on Synchrony Financial from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Morgan Stanley reissued an "equal weight" rating and set a $44.00 target price (down previously from $82.00) on shares of Synchrony Financial in a research report on Monday, April 7th. Bank of America raised their price target on Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Finally, Truist Financial cut their price objective on shares of Synchrony Financial from $77.00 to $65.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $65.11.

Remove Ads

Synchrony Financial Stock Up 0.7 %

NYSE SYF traded up $0.33 during trading on Monday, reaching $46.46. 804,442 shares of the company's stock traded hands, compared to its average volume of 4,594,673. The company's 50 day simple moving average is $56.20 and its two-hundred day simple moving average is $60.49. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The firm has a market cap of $18.06 billion, a price-to-earnings ratio of 5.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.15%. Synchrony Financial's dividend payout ratio is presently 11.71%.

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.