Martingale Asset Management L P Raises Stock Position in Synchrony Financial (NYSE:SYF)

Martingale Asset Management L P lifted its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 50,086 shares of the financial services provider's stock after buying an additional 5,870 shares during the quarter. Martingale Asset Management L P's holdings in Synchrony Financial were worth $3,256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial in the fourth quarter valued at about $26,000. TCTC Holdings LLC bought a new position in shares of Synchrony Financial during the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd raised its position 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 buying an additional 253 shares in the last quarter. Quarry LP grew its position in Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock worth $45,000 after buying an additional 675 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in 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 acquiring an additional 486 shares during the period. Institutional investors own 96.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SYF. Compass Point cut shares of 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. Bank of America upped their price objective on Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. UBS Group lifted their target price on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Monday, January 13th. The Goldman Sachs Group dropped their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Finally, Royal Bank of Canada lifted their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $65.11.

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Synchrony Financial Price Performance

NYSE SYF traded up $1.04 during trading hours on Tuesday, reaching $48.00. 1,674,132 shares of the stock traded hands, compared to its average volume of 3,954,921. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 5.62, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. The stock has a 50 day simple moving average of $55.78 and a two-hundred day simple moving average of $60.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

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

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. Synchrony Financial's payout ratio 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.