Avestar Capital LLC Buys Shares of 3,839 Synchrony Financial (NYSE:SYF)

Avestar Capital LLC acquired a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,839 shares of the financial services provider's stock, valued at approximately $250,000.

Several other large investors also recently added to or reduced their stakes in SYF. Larson Financial Group LLC raised its position in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 292 shares during the period. 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. Quarry LP raised its position in shares of Synchrony Financial by 301.3% in 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 during the period. Capital Performance Advisors LLP bought a new position in shares of Synchrony Financial in the third quarter valued at approximately $50,000. Finally, Raleigh Capital Management Inc. raised its position in shares of Synchrony Financial by 151.4% in 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 period. 96.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SYF. Wells Fargo & Company upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. The Goldman Sachs Group raised their price objective on shares of Synchrony Financial from $72.50 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Morgan Stanley upgraded shares of 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 research note on Thursday, December 19th. Finally, Evercore ISI raised their price objective on shares of Synchrony Financial from $58.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Synchrony Financial presently has an average rating of "Moderate Buy" and a consensus price target of $69.30.

Synchrony Financial Price Performance

Shares of SYF stock traded up $0.30 during trading hours on Wednesday, reaching $65.59. 5,656,817 shares of the company were exchanged, compared to its average volume of 3,669,784. Synchrony Financial has a fifty-two week low of $39.26 and a fifty-two week high of $70.93. The stock's fifty day moving average is $66.84 and its two-hundred day moving average is $58.86. The company has a market cap of $25.50 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 0.73 and a beta of 1.63. 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 announced its earnings results 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 net margin of 15.36% and a return on equity of 18.30%. Sell-side analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 1.52%. Synchrony Financial's dividend payout ratio is currently 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.