TKG Advisors LLC Invests $4.26 Million in Synchrony Financial (NYSE:SYF)

TKG Advisors LLC bought a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 60,266 shares of the financial services provider's stock, valued at approximately $4,257,000. Synchrony Financial makes up 2.0% of TKG Advisors LLC's investment portfolio, making the stock its 19th largest holding.

Several other hedge funds also recently made changes to their positions in the business. Apollon Wealth Management LLC lifted its position in Synchrony Financial by 2.3% during the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider's stock worth $461,000 after purchasing an additional 160 shares during the period. Gladstone Institutional Advisory LLC raised its position in shares of Synchrony Financial by 1.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider's stock valued at $604,000 after buying an additional 176 shares in the last quarter. Graypoint LLC lifted its holdings in shares of Synchrony Financial by 4.0% during the 3rd quarter. Graypoint LLC now owns 4,668 shares of the financial services provider's stock worth $233,000 after acquiring an additional 181 shares during the period. Wedmont Private Capital boosted its position in shares of Synchrony Financial by 2.6% during the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock worth $491,000 after acquiring an additional 192 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in Synchrony Financial by 1.3% in the third quarter. Empirical Finance LLC now owns 15,499 shares of the financial services provider's stock valued at $773,000 after acquiring an additional 204 shares during the last quarter. 96.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI upped their target price on Synchrony Financial from $58.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Barclays upgraded Synchrony Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. UBS Group lifted their target price on Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Monday, January 13th. Royal Bank of Canada boosted their target price 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. Finally, Wells Fargo & Company upgraded shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $69.30.

Synchrony Financial Trading Down 3.9 %

Synchrony Financial stock traded down $2.50 during mid-day trading on Friday, hitting $61.35. 3,851,115 shares of the stock were exchanged, compared to its average volume of 3,659,301. The stock has a market capitalization of $23.85 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 0.73 and a beta of 1.63. Synchrony Financial has a 12 month low of $39.35 and a 12 month high of $70.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm's fifty day simple moving average is $66.69 and its two-hundred day simple moving average is $58.94.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Analysts forecast 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 issued a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. Synchrony Financial's payout ratio is currently 11.71%.

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.