Envestnet Portfolio Solutions Inc. Has $1.17 Million Position in Synchrony Financial (NYSE:SYF)

Envestnet Portfolio Solutions Inc. increased its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,927 shares of the financial services provider's stock after buying an additional 6,584 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Synchrony Financial were worth $1,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial during the 4th quarter worth about $26,000. Larson Financial Group LLC boosted its position in Synchrony Financial by 92.7% during 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 last quarter. Y.D. More Investments Ltd boosted its position 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. Quarry LP grew its stake in 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 in the last quarter. Finally, Raleigh Capital Management Inc. increased its position in shares of Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after purchasing an additional 486 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

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Synchrony Financial Price Performance

Shares of SYF stock traded up $0.03 during trading on Tuesday, hitting $55.85. The company had a trading volume of 2,521,915 shares, compared to its average volume of 3,646,396. The firm has a market capitalization of $21.71 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The stock's 50-day moving average price is $62.03 and its 200 day moving average price is $60.47.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Monday, February 3rd. Synchrony Financial's dividend payout ratio is presently 11.71%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America raised their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Barclays raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Morgan Stanley raised shares of Synchrony Financial from an "underweight" rating to an "overweight" rating and upped their target price for the company from $40.00 to $82.00 in a report on Thursday, December 19th. Wells Fargo & Company upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group lowered their price target on Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Synchrony Financial presently has an average rating of "Moderate Buy" and a consensus price target of $68.10.

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.