Fox Run Management L.L.C. Makes New $450,000 Investment in Synchrony Financial (NYSE:SYF)

Fox Run Management L.L.C. acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,921 shares of the financial services provider's stock, valued at approximately $450,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Southpoint Capital Advisors LP boosted its holdings in shares of Synchrony Financial by 37.9% during the third quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider's stock worth $229,448,000 after purchasing an additional 1,265,000 shares during the period. Zurich Insurance Group Ltd FI boosted its stake in shares of Synchrony Financial by 389.8% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 1,138,672 shares of the financial services provider's stock valued at $56,797,000 after buying an additional 906,172 shares during the period. Soros Fund Management LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter valued at $41,088,000. Nordea Investment Management AB increased its stake in shares of Synchrony Financial by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider's stock worth $200,756,000 after acquiring an additional 481,750 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Synchrony Financial by 71.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,130,266 shares of the financial services provider's stock worth $56,378,000 after acquiring an additional 469,772 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SYF shares. Morgan Stanley raised Synchrony Financial from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. UBS Group raised their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Monday, January 13th. Compass Point cut shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price for the company. in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Finally, 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 note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.10.

Synchrony Financial Trading Down 3.3 %

Shares of NYSE SYF traded down $1.77 during midday trading on Friday, hitting $52.39. The stock had a trading volume of 3,468,999 shares, compared to its average volume of 3,828,832. The firm has a market cap of $20.37 billion, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The company's 50-day simple moving average is $61.17 and its 200 day simple moving average is $60.51.

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, topping 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%. Research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is currently 11.71%.

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.