Potentia Wealth Invests $839,000 in Synchrony Financial (NYSE:SYF)

Potentia Wealth acquired a new stake in Synchrony Financial (NYSE:SYF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,901 shares of the financial services provider's stock, valued at approximately $839,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathstone Holdings LLC increased its holdings in Synchrony Financial by 1.3% during the 3rd quarter. Pathstone Holdings LLC now owns 37,785 shares of the financial services provider's stock valued at $1,885,000 after purchasing an additional 493 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Synchrony Financial by 8.3% during the third quarter. PNC Financial Services Group Inc. now owns 57,950 shares of the financial services provider's stock valued at $2,891,000 after buying an additional 4,417 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Synchrony Financial by 5.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 203,988 shares of the financial services provider's stock valued at $10,175,000 after acquiring an additional 9,671 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Synchrony Financial by 14.2% in the third quarter. Raymond James Trust N.A. now owns 19,400 shares of the financial services provider's stock worth $968,000 after acquiring an additional 2,408 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Synchrony Financial by 40.2% in the third quarter. Cerity Partners LLC now owns 129,422 shares of the financial services provider's stock valued at $6,456,000 after acquiring an additional 37,101 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

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Synchrony Financial Stock Down 3.3 %

Shares of NYSE:SYF traded down $1.77 during trading on Friday, reaching $52.39. 3,468,999 shares of the stock traded hands, compared to its average volume of 3,828,832. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. The stock 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. The stock has a 50-day moving average of $61.17 and a two-hundred day moving average of $60.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results 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%. As a group, sell-side analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on SYF. Wells Fargo & Company upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. The Goldman Sachs Group decreased their price target on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. StockNews.com lowered shares of Synchrony Financial from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Compass Point downgraded Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a report on Tuesday, January 28th. Finally, Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $68.10.

About Synchrony Financial

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.