WINTON GROUP Ltd Takes Position in Synchrony Financial (NYSE:SYF)

WINTON GROUP Ltd purchased a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 39,991 shares of the financial services provider's stock, valued at approximately $2,599,000.

Several other hedge funds also recently modified their holdings of the company. Southpoint Capital Advisors LP lifted its stake in Synchrony Financial by 37.9% during the third quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider's stock valued at $229,448,000 after purchasing an additional 1,265,000 shares during the last quarter. Zurich Insurance Group Ltd FI increased its holdings in shares of Synchrony Financial by 389.8% in the third quarter. Zurich Insurance Group Ltd FI now owns 1,138,672 shares of the financial services provider's stock valued at $56,797,000 after buying an additional 906,172 shares in the last quarter. Soros Fund Management LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter valued at $41,088,000. Nordea Investment Management AB boosted its stake in shares of Synchrony Financial by 18.5% during the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider's stock worth $200,756,000 after acquiring an additional 481,750 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Synchrony Financial by 71.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,130,266 shares of the financial services provider's stock worth $56,378,000 after acquiring an additional 469,772 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 Stock Up 0.3 %

Shares of Synchrony Financial stock traded up $0.17 during midday trading on Monday, reaching $52.60. 2,720,222 shares of the company's stock traded hands, compared to its average volume of 3,824,858. The company has a market cap of $20.45 billion, a price-to-earnings ratio of 6.18, a price-to-earnings-growth 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. The company's 50 day simple moving average is $61.17 and its 200 day simple moving average is $60.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly 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 return on equity of 18.30% and a net margin of 15.36%. Equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.90%. Synchrony Financial's dividend payout ratio (DPR) is presently 11.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Bank of America increased their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. StockNews.com cut shares of Synchrony Financial from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Compass Point lowered shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target on the stock. in a report on Tuesday, January 28th. Keefe, Bruyette & Woods raised their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Finally, Barclays raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $68.10.

Synchrony Financial Company 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.