US Bancorp DE Increases Holdings in Synchrony Financial (NYSE:SYF)

US Bancorp DE grew its position in shares of Synchrony Financial (NYSE:SYF - Free Report) by 52.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,485 shares of the financial services provider's stock after purchasing an additional 22,269 shares during the period. US Bancorp DE's holdings in Synchrony Financial were worth $4,192,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in shares of Synchrony Financial in the fourth quarter worth about $26,000. Larson Financial Group LLC increased its holdings in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after buying an additional 292 shares during the period. Y.D. More Investments Ltd increased its holdings in shares of 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 worth $31,000 after buying an additional 253 shares during the period. Quarry LP increased its holdings in shares of Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock worth $45,000 after buying an additional 675 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Synchrony Financial in the third quarter worth about $50,000. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Up 1.1 %

Shares of SYF traded up $0.62 during mid-day trading on Friday, reaching $54.77. The company had a trading volume of 6,713,095 shares, compared to its average volume of 3,924,098. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a 50-day moving average price of $64.91 and a 200 day moving average price of $59.98. Synchrony Financial has a 52 week low of $39.67 and a 52 week high of $70.93. The company has a market capitalization of $21.29 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

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Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings results 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%. On average, sell-side analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. Synchrony Financial's dividend payout ratio is currently 11.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. UBS Group boosted their price target on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Compass Point downgraded Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target on the stock. in a report on Tuesday, January 28th. Bank of America boosted their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, 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 report on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Synchrony Financial presently has an average rating of "Moderate Buy" and an average target price of $69.30.

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.