161,995 Shares in Synchrony Financial (NYSE:SYF) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 161,995 shares of the financial services provider's stock, valued at approximately $10,530,000.

Other institutional investors have also modified their holdings of the company. Atria Investments Inc boosted its holdings in shares of Synchrony Financial by 15.0% in the fourth quarter. Atria Investments Inc now owns 7,655 shares of the financial services provider's stock valued at $498,000 after buying an additional 996 shares during the period. Assetmark Inc. boosted its stake in Synchrony Financial by 0.7% in the 4th quarter. Assetmark Inc. now owns 1,329,269 shares of the financial services provider's stock worth $86,402,000 after purchasing an additional 9,646 shares during the period. Smithfield Trust Co increased its holdings in Synchrony Financial by 19.7% during the 4th quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider's stock worth $69,000 after purchasing an additional 181 shares in the last quarter. Jag Capital Management LLC raised its stake in shares of Synchrony Financial by 1.5% in the 4th quarter. Jag Capital Management LLC now owns 65,494 shares of the financial services provider's stock valued at $4,257,000 after purchasing an additional 998 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Synchrony Financial in the fourth quarter valued at about $256,000. Institutional investors own 96.48% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SYF shares. Barclays raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Morgan Stanley raised shares of Synchrony Financial from an "underweight" rating to an "overweight" rating and boosted their price objective for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Wells Fargo & Company raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Compass Point cut shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research report on Tuesday, January 28th. Finally, UBS Group raised their price objective on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.70.

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Synchrony Financial Stock Performance

Shares of NYSE SYF traded up $1.41 during trading hours on Wednesday, reaching $54.46. 2,617,872 shares of the stock were exchanged, compared to its average volume of 3,652,822. The stock's fifty day simple moving average is $63.07 and its 200 day simple moving average is $60.26. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 52 week low of $39.67 and a 52 week high of $70.93. 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 announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The company 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 1.84%. The ex-dividend date was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is presently 11.71%.

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.