Quantessence Capital LLC Purchases New Position in Synchrony Financial (NYSE:SYF)

Quantessence Capital LLC acquired a new position in Synchrony Financial (NYSE:SYF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,159 shares of the financial services provider's stock, valued at approximately $400,000.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Synchrony Financial by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 9,963,573 shares of the financial services provider's stock valued at $650,678,000 after purchasing an additional 205,641 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Synchrony Financial by 7.4% during the 4th quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider's stock valued at $358,105,000 after buying an additional 380,870 shares in the last quarter. Norges Bank bought a new stake in shares of Synchrony Financial during the 4th quarter valued at $347,903,000. Nordea Investment Management AB grew its position in shares of Synchrony Financial by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider's stock worth $200,756,000 after buying an additional 481,750 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in shares of Synchrony Financial by 16.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,943,817 shares of the financial services provider's stock worth $126,348,000 after acquiring an additional 279,517 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Performance

Shares of SYF opened at $48.42 on Wednesday. The firm has a market capitalization of $18.82 billion, a P/E ratio of 5.67, a PEG ratio of 0.71 and a beta of 1.45. 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 has a one year low of $40.55 and a one year high of $70.93. The business has a fifty day moving average of $53.61 and a 200 day moving average of $60.30.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.23. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.80 billion. As a group, sell-side analysts anticipate that Synchrony Financial will post 7.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SYF. Wells Fargo & Company cut their price objective on shares of Synchrony Financial from $85.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Royal Bank of Canada raised their price objective on Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, UBS Group upped their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.11.

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.

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