18,381 Shares in Synchrony Financial (NYSE:SYF) Acquired by DRW Securities LLC

DRW Securities LLC bought a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,381 shares of the financial services provider's stock, valued at approximately $1,195,000.

A number of other large investors also recently modified their holdings of the business. Quarry LP increased its position in Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 675 shares during the period. Stifel Financial Corp increased its holdings in shares of Synchrony Financial by 22.8% during the third quarter. Stifel Financial Corp now owns 109,841 shares of the financial services provider's stock valued at $5,479,000 after purchasing an additional 20,410 shares during the period. EP Wealth Advisors LLC acquired a new stake in Synchrony Financial in the third quarter worth about $237,000. National Bank of Canada FI grew its position in Synchrony Financial by 119.0% in the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider's stock valued at $12,123,000 after buying an additional 132,047 shares in the last quarter. Finally, MML Investors Services LLC grew its position in Synchrony Financial by 9.5% in the 3rd quarter. MML Investors Services LLC now owns 27,582 shares of the financial services provider's stock valued at $1,376,000 after buying an additional 2,396 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Stock Performance

NYSE SYF traded up $1.04 during midday trading on Tuesday, hitting $48.00. The company had a trading volume of 1,674,132 shares, compared to its average volume of 3,954,921. The firm has a fifty day simple moving average of $55.78 and a two-hundred day simple moving average of $60.47. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market cap of $18.66 billion, a price-to-earnings ratio of 5.62, a P/E/G ratio of 0.71 and a beta of 1.45.

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Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 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%. Equities analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

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 of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.08%. Synchrony Financial's payout ratio is presently 11.71%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley restated an "equal weight" rating and set a $44.00 price target (down from $82.00) on shares of Synchrony Financial in a research report on Monday, April 7th. UBS Group upped their target price on Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. StockNews.com lowered Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Compass Point downgraded Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a research note on Tuesday, January 28th. Finally, Bank of America raised their target price on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $65.11.

Synchrony Financial Company 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.