15,090 Shares in Synchrony Financial (NYSE:SYF) Bought by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,090 shares of the financial services provider's stock, valued at approximately $981,000.

Other hedge funds have also made changes to their positions in the company. Bogart Wealth LLC purchased a new position in Synchrony Financial during the fourth quarter worth approximately $26,000. Larson Financial Group LLC increased its holdings in shares of Synchrony Financial by 92.7% during the 3rd 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 last quarter. Y.D. More Investments Ltd raised its position in shares of 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 worth $31,000 after buying an additional 253 shares during the period. Quarry LP boosted its holdings in Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 675 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in Synchrony Financial by 151.4% during the fourth 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 during the period. Institutional investors and hedge funds own 96.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SYF. UBS Group raised their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Bank of America raised their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. The Goldman Sachs Group decreased their price objective on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday. Compass Point lowered shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised shares of Synchrony Financial from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $68.70.

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Synchrony Financial Stock Down 1.2 %

Shares of Synchrony Financial stock traded down $0.68 on Thursday, hitting $53.85. 4,227,981 shares of the company's stock traded hands, compared to its average volume of 3,658,241. 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 50-day moving average is $62.85 and its 200 day moving average is $60.22. The stock has a market cap of $20.93 billion, a P/E ratio of 6.31, a PEG ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating 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%. Equities analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid 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 1.86%. Synchrony Financial's dividend payout ratio (DPR) is 11.71%.

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.