Andra AP fonden Acquires 12,100 Shares of Synchrony Financial (NYSE:SYF)

Andra AP fonden raised its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 175,800 shares of the financial services provider's stock after purchasing an additional 12,100 shares during the quarter. Andra AP fonden's holdings in Synchrony Financial were worth $11,427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial during the 4th quarter worth $26,000. Larson Financial Group LLC boosted its stake in shares of 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 acquiring an additional 292 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in shares of 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 worth $31,000 after acquiring an additional 253 shares in the last quarter. Quarry LP boosted its stake in shares of Synchrony Financial by 301.3% during the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider's stock worth $45,000 after acquiring an additional 675 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Synchrony Financial during the 3rd quarter worth $50,000. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Down 6.3 %

NYSE SYF traded down $3.44 during trading on Monday, hitting $51.30. 2,585,535 shares of the company traded hands, compared to its average volume of 3,885,255. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The business has a fifty day simple moving average of $64.91 and a 200 day simple moving average of $60.07. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $19.94 billion, a P/E ratio of 6.01, a PEG ratio of 0.71 and a beta of 1.67.

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Synchrony Financial (NYSE:SYF - Get Free Report) last posted its earnings results 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, sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The business 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 of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.95%. Synchrony Financial's dividend payout ratio (DPR) is currently 11.71%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SYF. Royal Bank of Canada raised their price objective on Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Bank of America raised their target price on Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. raised Synchrony Financial from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Compass Point cut 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, The Goldman Sachs Group raised their target price on Synchrony Financial from $72.50 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $69.30.

Synchrony Financial Company 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.