Dark Forest Capital Management LP Has $651,000 Stake in Synchrony Financial (NYSE:SYF)

Dark Forest Capital Management LP increased its stake in Synchrony Financial (NYSE:SYF - Free Report) by 102.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,021 shares of the financial services provider's stock after purchasing an additional 5,074 shares during the period. Dark Forest Capital Management LP's holdings in Synchrony Financial were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial during the fourth quarter worth about $26,000. TCTC Holdings LLC acquired a new position in Synchrony Financial during the 4th quarter worth approximately $27,000. Y.D. More Investments Ltd grew its stake in shares of 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 acquiring an additional 253 shares in the last quarter. Raleigh Capital Management Inc. raised 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 valued at $52,000 after purchasing an additional 486 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Synchrony Financial by 46.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock worth $53,000 after purchasing an additional 257 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Performance

NYSE:SYF opened at $51.42 on Friday. The stock has a 50 day simple moving average of $52.76 and a 200 day simple moving average of $60.23. The stock has a market cap of $19.99 billion, a P/E ratio of 6.02, a PEG ratio of 0.71 and a beta of 1.45. Synchrony Financial has a 1-year low of $40.55 and a 1-year high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.26. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.80 billion. Research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, May 5th. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.25. Synchrony Financial's dividend payout ratio is presently 11.71%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SYF shares. Cfra Research upgraded shares of Synchrony Financial to a "hold" rating in a research note on Tuesday. The Goldman Sachs Group dropped their target price on Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. StockNews.com downgraded Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Evercore ISI dropped their price objective on Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada raised their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $63.95.

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.

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