LSV Asset Management Acquires 64,900 Shares of Synchrony Financial (NYSE:SYF)

LSV Asset Management raised its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,765,731 shares of the financial services provider's stock after buying an additional 64,900 shares during the period. LSV Asset Management owned about 0.45% of Synchrony Financial worth $114,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Bogart Wealth LLC bought a new position in Synchrony Financial in the 4th quarter valued at about $26,000. TCTC Holdings LLC bought a new stake in Synchrony Financial during the fourth quarter worth $27,000. Y.D. More Investments Ltd raised its position in Synchrony Financial by 111.5% in the 4th 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. lifted its stake in Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 486 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Synchrony Financial by 46.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock worth $53,000 after acquiring an additional 257 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

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Synchrony Financial Trading Up 1.2 %

NYSE SYF traded up $0.55 during trading on Tuesday, hitting $47.51. 3,769,744 shares of the company's stock traded hands, compared to its average volume of 3,962,875. 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 fifty day moving average of $55.78 and a two-hundred day moving average of $60.47. The firm has a market cap of $18.47 billion, a P/E ratio of 5.56, a PEG ratio of 0.71 and a beta of 1.45. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data 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 net margin of 15.36% and a return on equity of 18.30%. As a group, sell-side analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is 11.71%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SYF. Royal Bank of Canada upped their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. Compass Point downgraded Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a research note on Tuesday, January 28th. Wells Fargo & Company decreased their target price on Synchrony Financial from $85.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. cut their price target on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $65.11.

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.