Sovereign Investment Advisors LLC Buys Shares of 22,240 Synchrony Financial (NYSE:SYF)

Sovereign Investment Advisors LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,240 shares of the financial services provider's stock, valued at approximately $1,446,000.

Several other institutional investors also recently modified their holdings of SYF. Janney Montgomery Scott LLC grew its holdings in shares of Synchrony Financial by 396.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,759 shares of the financial services provider's stock worth $1,135,000 after purchasing an additional 18,171 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Synchrony Financial by 5.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,934 shares of the financial services provider's stock worth $346,000 after purchasing an additional 337 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Synchrony Financial by 17.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,431 shares of the financial services provider's stock worth $271,000 after purchasing an additional 817 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Synchrony Financial by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 67,772 shares of the financial services provider's stock worth $3,380,000 after purchasing an additional 3,501 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Synchrony Financial by 51.9% during the 3rd quarter. Empowered Funds LLC now owns 158,921 shares of the financial services provider's stock worth $7,927,000 after purchasing an additional 54,292 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

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Synchrony Financial Trading Down 1.2 %

Shares of SYF stock traded down $0.68 on Thursday, reaching $53.85. 4,227,981 shares of the stock were exchanged, compared to its average volume of 3,658,241. The stock has a market cap of $20.93 billion, a PE ratio of 6.31, a P/E/G ratio of 0.71 and a beta of 1.67. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a 50 day moving average price of $62.85 and a 200 day moving average price of $60.22.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.86%. Synchrony Financial's dividend payout ratio (DPR) is presently 11.71%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wells Fargo & Company raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group decreased their price target on Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. raised Synchrony Financial from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Finally, Morgan Stanley raised Synchrony Financial from an "underweight" rating to an "overweight" rating and boosted their price target for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $68.70.

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.