Argentarii LLC Takes Position in Synchrony Financial (NYSE:SYF)

Argentarii LLC bought a new position in Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,134 shares of the financial services provider's stock, valued at approximately $1,179,000.

Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC increased its stake in shares of Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock valued at $30,000 after buying an additional 292 shares during the period. Y.D. More Investments Ltd increased its stake in shares of Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after buying an additional 253 shares during the period. Quarry LP raised its position in shares of Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock worth $45,000 after acquiring an additional 675 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Synchrony Financial during the third quarter valued at $50,000. 96.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. upgraded Synchrony Financial from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Wells Fargo & Company raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. UBS Group upped their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Monday, January 13th. Finally, Bank of America increased their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $69.30.

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Synchrony Financial Stock Down 3.2 %

NYSE SYF traded down $1.69 on Thursday, reaching $51.92. The company had a trading volume of 7,294,220 shares, compared to its average volume of 4,172,063. The company's fifty day moving average is $64.16 and its 200-day moving average is $60.09. The firm has a market capitalization of $20.18 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (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%. On average, research 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 disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio is presently 11.71%.

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.