Korea Investment CORP Purchases 52,200 Shares of Synchrony Financial (NYSE:SYF)

Korea Investment CORP lifted its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 561,690 shares of the financial services provider's stock after acquiring an additional 52,200 shares during the period. Korea Investment CORP owned approximately 0.14% of Synchrony Financial worth $36,510,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SYF. Bogart Wealth LLC bought a new position in Synchrony Financial during the fourth quarter worth about $26,000. TCTC Holdings LLC bought a new stake in Synchrony Financial in the 4th quarter valued at $27,000. Larson Financial Group LLC lifted its holdings in Synchrony Financial by 92.7% during the 3rd 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 increased its holdings in shares of Synchrony Financial by 111.5% in 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. Finally, Quarry LP lifted its stake in shares of Synchrony Financial by 301.3% during the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider's stock worth $45,000 after buying an additional 675 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Stock Up 0.1 %

Shares of NYSE SYF traded up $0.05 during midday trading on Tuesday, hitting $52.99. 1,964,806 shares of the stock traded hands, compared to its average volume of 4,198,544. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93. The business has a 50 day moving average price of $60.86 and a two-hundred day moving average price of $60.66. 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 company has a market cap of $20.60 billion, a PE ratio of 6.21, a P/E/G ratio of 0.71 and a beta of 1.67.

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Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share 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%. On average, equities analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.25 dividend. 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 1.89%. Synchrony Financial's payout ratio is presently 11.71%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. The Goldman Sachs Group decreased their price target on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $59.00 to $72.00 in a report on Monday, December 9th. Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada upped their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. Seven research 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.