Synchrony Financial (NYSE:SYF) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in Synchrony Financial (NYSE:SYF - Free Report) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 465,100 shares of the financial services provider's stock after acquiring an additional 45,100 shares during the quarter. Renaissance Technologies LLC owned about 0.12% of Synchrony Financial worth $30,232,000 as of its most recent SEC filing.

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 4th quarter valued at $26,000. TCTC Holdings LLC acquired a new position in Synchrony Financial in the fourth quarter valued at about $27,000. Y.D. More Investments Ltd boosted its stake in Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock worth $31,000 after buying an additional 253 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of Synchrony Financial by 151.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 486 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Synchrony Financial by 46.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 257 shares during the period. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Price Performance

SYF stock traded up $0.55 on Tuesday, reaching $47.51. 3,858,544 shares of the company's stock were exchanged, compared to its average volume of 3,966,159. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93. The stock has a fifty day moving average of $55.78 and a 200-day moving average of $60.47. The firm has a market cap of $18.47 billion, a PE ratio of 5.56, a P/E/G ratio of 0.71 and a beta of 1.45.

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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 earnings per share 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%. As a group, equities analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 2.10%. Synchrony Financial's dividend payout ratio (DPR) is currently 11.71%.

Analysts Set New Price Targets

SYF has been the subject of several research reports. Morgan Stanley reiterated an "equal weight" rating and issued a $44.00 target price (down previously from $82.00) on shares of Synchrony Financial in a report on Monday, April 7th. Bank of America boosted their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. UBS Group raised their target price on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Compass Point lowered 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 note on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their price objective on shares of Synchrony Financial from $85.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.11.

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.