C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $24.19 Million Position in Synchrony Financial (NYSE:SYF)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 372,070 shares of the financial services provider's stock, valued at approximately $24,185,000. Synchrony Financial comprises about 0.9% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' investment portfolio, making the stock its 23rd biggest holding. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 0.10% of Synchrony Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in Synchrony Financial during the fourth quarter valued at about $26,000. Y.D. More Investments Ltd lifted its holdings in Synchrony Financial by 111.5% during 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 last quarter. Larson Financial Group LLC lifted its holdings 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 worth $30,000 after buying an additional 292 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings 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 worth $52,000 after buying an additional 486 shares in the last quarter. Finally, Quarry LP lifted its holdings 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 worth $45,000 after buying an additional 675 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Trading Down 3.9 %

SYF stock traded down $2.50 on Friday, reaching $61.35. The company's stock had a trading volume of 3,937,381 shares, compared to its average volume of 3,704,167. The business has a fifty day simple moving average of $66.56 and a two-hundred day simple moving average of $59.06. Synchrony Financial has a 12-month low of $39.35 and a 12-month high of $70.93. The firm has a market cap of $23.85 billion, a PE ratio of 7.18, a PEG ratio of 0.73 and a beta of 1.63. 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 (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 the consensus estimate 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, research analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 1.63%. The ex-dividend date was Monday, February 3rd. Synchrony Financial's dividend payout ratio is currently 11.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Compass Point downgraded shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target on the stock. in a report on Tuesday, January 28th. Keefe, Bruyette & Woods increased their price target on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. UBS Group increased their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Finally, Bank of America increased their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.30.

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.