BI Asset Management Fondsmaeglerselskab A S Buys 6,570 Shares of Synchrony Financial (NYSE:SYF)

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,787 shares of the financial services provider's stock after buying an additional 6,570 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Synchrony Financial were worth $2,261,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SYF. Bogart Wealth LLC bought a new position in Synchrony Financial in the fourth quarter worth about $26,000. TCTC Holdings LLC bought a new position in Synchrony Financial during the 4th quarter worth $27,000. Y.D. More Investments Ltd lifted its stake in Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after buying an additional 253 shares during the last quarter. Raleigh Capital Management Inc. grew its position in shares of Synchrony Financial by 151.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after acquiring an additional 486 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in 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 purchasing an additional 257 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Stock Performance

SYF traded down $0.50 during trading on Friday, hitting $51.42. The stock had a trading volume of 5,001,803 shares, compared to its average volume of 3,954,254. 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 50 day simple moving average of $53.03 and a 200-day simple moving average of $60.23. The firm has a market cap of $19.99 billion, a PE ratio of 6.02, a P/E/G ratio of 0.71 and a beta of 1.45. Synchrony Financial has a 12 month low of $40.55 and a 12 month high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.26. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.80 billion. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.30 per share. This is an increase from Synchrony Financial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. Synchrony Financial's payout ratio is presently 11.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Cfra Research raised Synchrony Financial to a "hold" rating in a report on Tuesday. The Goldman Sachs Group cut their price objective on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. StockNews.com cut shares of Synchrony Financial from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Barclays raised Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Finally, Royal Bank of Canada upped their price objective on Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Synchrony Financial currently has an average rating of "Moderate Buy" and an average target price of $63.95.

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.