Abacus FCF Advisors LLC Purchases 27,776 Shares of Synchrony Financial (NYSE:SYF)

Abacus FCF Advisors LLC grew its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 46.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,365 shares of the financial services provider's stock after acquiring an additional 27,776 shares during the period. Abacus FCF Advisors LLC's holdings in Synchrony Financial were worth $5,679,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Bogart Wealth LLC purchased a new stake in Synchrony Financial in the 4th quarter worth about $26,000. TCTC Holdings LLC purchased a new position in shares of Synchrony Financial in the fourth quarter worth about $27,000. Y.D. More Investments Ltd raised its position in shares of 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 valued at $31,000 after purchasing an additional 253 shares during the period. Raleigh Capital Management Inc. lifted its stake in shares of Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock valued at $52,000 after buying an additional 486 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Synchrony Financial by 46.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock worth $53,000 after buying an additional 257 shares during the period. Hedge funds and other institutional investors own 96.48% of the company's stock.

Analyst Upgrades and Downgrades

SYF has been the topic of a number of analyst reports. UBS Group boosted their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Wells Fargo & Company dropped their price objective on Synchrony Financial from $85.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. The Goldman Sachs Group cut their target price 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. Bank of America upped their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Finally, StockNews.com lowered shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Synchrony Financial has a consensus rating of "Moderate Buy" and a consensus target price of $65.11.

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Synchrony Financial Price Performance

Shares of NYSE SYF traded down $0.53 during trading hours on Friday, reaching $46.10. 6,550,656 shares of the stock traded hands, compared to its average volume of 3,962,976. The company has a market capitalization of $17.92 billion, a P/E ratio of 5.40, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. The company's 50-day simple moving average is $56.20 and its two-hundred day simple moving average is $60.49. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data 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 net margin of 15.36% and a return on equity of 18.30%. Equities research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

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 annualized dividend and a yield of 2.17%. 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.