AIA Group Ltd Takes Position in Synchrony Financial (NYSE:SYF)

AIA Group Ltd acquired a new stake in Synchrony Financial (NYSE:SYF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,237 shares of the financial services provider's stock, valued at approximately $860,000.

Several other large investors have also recently added to or reduced their stakes in SYF. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial in the fourth quarter worth $26,000. TCTC Holdings LLC purchased a new position in Synchrony Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd grew its stake in 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 worth $31,000 after purchasing an additional 253 shares in the last quarter. Quarry LP raised its position in Synchrony Financial by 301.3% in the 3rd 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. increased its stake in shares of 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 period. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Price Performance

Synchrony Financial stock traded up $1.85 during mid-day trading on Wednesday, hitting $55.11. 3,212,151 shares of the company were exchanged, compared to its average volume of 3,826,857. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The company has a market capitalization of $21.42 billion, a P/E ratio of 6.45, a PEG ratio of 0.71 and a beta of 1.67. The business's 50 day simple moving average is $60.22 and its two-hundred day simple moving average is $60.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

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Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS 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%. Analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal 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 issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.81%. Synchrony Financial's dividend payout ratio (DPR) is presently 11.71%.

Analyst Upgrades and Downgrades

SYF has been the subject of several analyst reports. UBS Group upped their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Morgan Stanley raised Synchrony Financial from an "underweight" rating to an "overweight" rating and raised their price objective for the stock from $40.00 to $82.00 in a report on Thursday, December 19th. Barclays raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $59.00 to $79.00 in a report on Monday, January 6th. 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 note on Tuesday, January 28th. Finally, StockNews.com cut Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Synchrony Financial presently has an average rating of "Moderate Buy" and a consensus target price of $68.10.

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.