Sei Investments Co. Acquires 137,713 Shares of Synchrony Financial (NYSE:SYF)

Sei Investments Co. lifted its stake in shares of Synchrony Financial (NYSE:SYF - Free Report) by 23.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 729,800 shares of the financial services provider's stock after purchasing an additional 137,713 shares during the period. Sei Investments Co. owned approximately 0.19% of Synchrony Financial worth $47,443,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Bogart Wealth LLC bought a new position in Synchrony Financial in the 4th quarter valued at $26,000. TCTC Holdings LLC acquired a new stake in Synchrony Financial in the fourth quarter worth about $27,000. Larson Financial Group LLC raised its holdings in Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after purchasing an additional 292 shares during the last quarter. Y.D. More Investments Ltd lifted its position in Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 253 shares during the period. Finally, Quarry LP boosted its stake in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 675 shares during the last quarter. 96.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

SYF has been the topic of a number of recent research reports. Barclays raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Truist Financial decreased their price objective on Synchrony Financial from $77.00 to $65.00 and set a "hold" rating for the company in a research note on Friday. UBS Group increased their target price on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Compass Point lowered Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price for the company. in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods upped their price target on Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Synchrony Financial has a consensus rating of "Moderate Buy" and a consensus price target of $68.10.

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Synchrony Financial Stock Up 0.0 %

SYF stock traded up $0.02 during midday trading on Tuesday, hitting $55.84. The company's stock had a trading volume of 1,126,090 shares, compared to its average volume of 3,658,289. The company's fifty day moving average price is $62.23 and its 200 day moving average price is $60.41. 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 twelve month low of $39.67 and a twelve month high of $70.93. The stock has a market capitalization of $21.71 billion, a P/E ratio of 6.54, a PEG ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) 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%. As a group, equities research analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Monday, February 3rd. Synchrony Financial's dividend payout ratio is currently 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.