LPL Financial LLC Grows Holdings in Synchrony Financial (NYSE:SYF)

LPL Financial LLC increased its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,140 shares of the financial services provider's stock after buying an additional 12,896 shares during the period. LPL Financial LLC's holdings in Synchrony Financial were worth $7,939,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in shares of Synchrony Financial in the fourth quarter valued at $26,000. TCTC Holdings LLC purchased a new position in Synchrony Financial in the 4th quarter valued at about $27,000. Y.D. More Investments Ltd lifted its holdings in Synchrony Financial by 111.5% in the 4th 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 in the last quarter. Quarry LP boosted 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 purchasing an additional 675 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after buying an additional 486 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Trading Down 7.7 %

Shares of SYF stock traded down $3.86 during mid-day trading on Thursday, reaching $46.62. The company's stock had a trading volume of 5,568,572 shares, compared to its average volume of 3,944,003. 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 firm has a market capitalization of $18.12 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. The company's 50 day simple moving average is $56.59 and its 200-day simple moving average is $60.42. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93.

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Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. On average, research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is presently 11.71%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SYF shares. UBS Group upped their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Barclays raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. Truist Financial decreased their price objective on Synchrony Financial from $77.00 to $65.00 and set a "hold" rating on the stock in a report on Friday, March 21st. JPMorgan Chase & Co. dropped their target price on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, StockNews.com lowered Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Synchrony Financial currently has a consensus rating of "Moderate Buy" and a consensus price target 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.