Vinva Investment Management Ltd Raises Position in Synchrony Financial (NYSE:SYF)

Vinva Investment Management Ltd increased its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,243 shares of the financial services provider's stock after buying an additional 7,703 shares during the period. Vinva Investment Management Ltd's holdings in Synchrony Financial were worth $5,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Synchrony Financial in the 4th quarter worth $227,000. Xponance Inc. raised its holdings in Synchrony Financial by 3.5% in the fourth quarter. Xponance Inc. now owns 58,927 shares of the financial services provider's stock worth $3,830,000 after purchasing an additional 1,975 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at about $3,228,000. Tocqueville Asset Management L.P. bought a new stake in shares of Synchrony Financial in the 4th quarter valued at about $316,000. Finally, TCTC Holdings LLC purchased a new position in shares of Synchrony Financial in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 96.48% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SYF. Barclays raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Compass Point lowered Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research report on Tuesday, January 28th. Truist Financial lowered their price target on Synchrony Financial from $77.00 to $65.00 and set a "hold" rating for the company in a report on Friday. Finally, UBS Group upped their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $68.10.

Remove Ads

Synchrony Financial Stock Performance

Shares of NYSE:SYF traded up $1.81 during trading on Monday, hitting $55.83. 2,960,168 shares of the stock traded hands, compared to its average volume of 3,659,035. 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 company has a fifty day moving average price of $62.41 and a two-hundred day moving average price of $60.36. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 6.54, a P/E/G ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio (DPR) is presently 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.