Summit Trail Advisors LLC Invests $423,000 in Synchrony Financial (NYSE:SYF)

Summit Trail Advisors LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,508 shares of the financial services provider's stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Synchrony Financial by 2.6% in the third quarter. CWM LLC now owns 20,772 shares of the financial services provider's stock valued at $1,036,000 after purchasing an additional 526 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Synchrony Financial by 7,655.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 17,139 shares of the financial services provider's stock valued at $855,000 after buying an additional 16,918 shares in the last quarter. Creative Planning grew its holdings in Synchrony Financial by 1.0% during the 3rd quarter. Creative Planning now owns 30,064 shares of the financial services provider's stock valued at $1,500,000 after buying an additional 308 shares during the last quarter. Swedbank AB increased its position in Synchrony Financial by 0.3% during the third quarter. Swedbank AB now owns 99,773 shares of the financial services provider's stock worth $4,977,000 after buying an additional 312 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of Synchrony Financial by 125.6% in the third quarter. Vontobel Holding Ltd. now owns 16,080 shares of the financial services provider's stock worth $802,000 after acquiring an additional 8,952 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on SYF shares. Royal Bank of Canada increased their price objective 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. JPMorgan Chase & Co. raised shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. UBS Group boosted their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Monday, January 13th. Wells Fargo & Company upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their price target on Synchrony Financial from $72.50 to $82.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.30.

Synchrony Financial Stock Up 1.7 %

Synchrony Financial stock traded up $1.11 during midday trading on Friday, hitting $65.19. 2,063,295 shares of the stock were exchanged, compared to its average volume of 3,743,421. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.25. The company has a 50 day moving average price of $66.93 and a two-hundred day moving average price of $58.55. The firm has a market cap of $25.38 billion, a P/E ratio of 7.63, a P/E/G ratio of 0.72 and a beta of 1.63. Synchrony Financial has a 1 year low of $39.26 and a 1 year high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly 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 return on equity of 18.30% and a net margin of 15.36%. On average, sell-side analysts predict that Synchrony Financial will post 7.45 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial's 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.