AXQ Capital LP Buys Shares of 17,023 Synchrony Financial (NYSE:SYF)

AXQ Capital LP purchased a new stake in Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,023 shares of the financial services provider's stock, valued at approximately $1,106,000.

Several other institutional investors have also recently modified their holdings of the stock. OneDigital Investment Advisors LLC lifted its position in shares of Synchrony Financial by 17.7% in the third quarter. OneDigital Investment Advisors LLC now owns 5,431 shares of the financial services provider's stock valued at $271,000 after acquiring an additional 817 shares in the last quarter. Natixis Advisors LLC raised its stake in Synchrony Financial by 7.2% in the 3rd quarter. Natixis Advisors LLC now owns 184,577 shares of the financial services provider's stock valued at $9,207,000 after purchasing an additional 12,336 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in Synchrony Financial by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 37,785 shares of the financial services provider's stock valued at $1,885,000 after purchasing an additional 493 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth about $2,690,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Synchrony Financial by 8.3% during the third quarter. PNC Financial Services Group Inc. now owns 57,950 shares of the financial services provider's stock worth $2,891,000 after buying an additional 4,417 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages have weighed in on SYF. UBS Group boosted their price target on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Compass Point downgraded Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research report on Tuesday, January 28th. Barclays raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods lifted their target price on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, Bank of America upped their price target on Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $68.10.

Synchrony Financial Price Performance

Shares of NYSE:SYF traded up $0.01 during trading hours on Tuesday, hitting $55.83. 656,685 shares of the company's stock traded hands, compared to its average volume of 3,658,289. The company's fifty day simple moving average is $62.23 and its two-hundred day simple moving average is $60.41. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 6.54, 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 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 EPS for the quarter, beating 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, equities analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued 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 1.79%. Synchrony Financial's 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.