United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in Synchrony Financial (NYSE:SYF)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,600 shares of the financial services provider's stock, valued at approximately $754,000.

Several other large investors also recently made changes to their positions in the stock. Apollon Wealth Management LLC lifted its stake in Synchrony Financial by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider's stock valued at $461,000 after acquiring an additional 160 shares during the last quarter. Gladstone Institutional Advisory LLC raised its holdings 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 purchasing an additional 176 shares during the period. Smithfield Trust Co lifted its stake in Synchrony Financial by 19.7% in the 4th quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 181 shares during the last quarter. Wedmont Private Capital grew its holdings in Synchrony Financial by 2.6% during the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock worth $491,000 after purchasing an additional 192 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Synchrony Financial by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider's stock worth $1,314,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

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Synchrony Financial Price Performance

Shares of NYSE SYF traded down $1.77 during trading hours on Friday, hitting $52.39. 3,468,999 shares of the stock were exchanged, compared to its average volume of 3,828,832. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The company has a market cap of $20.37 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. 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 company's fifty day simple moving average is $61.17 and its two-hundred day simple moving average is $60.51.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating 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 predict 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's payout ratio is 11.71%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SYF shares. Morgan Stanley raised Synchrony Financial from an "underweight" rating to an "overweight" rating and boosted their target price for the stock from $40.00 to $82.00 in a report on Thursday, December 19th. Keefe, Bruyette & Woods upped their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Bank of America raised their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. StockNews.com lowered shares of Synchrony Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Royal Bank of Canada raised 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. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Synchrony Financial has a consensus rating of "Moderate Buy" and a consensus target price of $68.10.

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.