18,134 Shares in Synchrony Financial (NYSE:SYF) Acquired by Argentarii LLC

Argentarii LLC purchased a new position in shares of Synchrony Financial (NYSE:SYF) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 18,134 shares of the financial services provider’s stock, valued at approximately $1,179,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Apollon Wealth Management LLC boosted its stake in shares of Synchrony Financial by 2.3% during the 4th quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 160 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its stake in shares of Synchrony Financial by 1.9% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock worth $604,000 after acquiring an additional 176 shares during the last quarter. Graypoint LLC boosted its stake 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 last quarter. Smithfield Trust Co boosted its stake in shares of Synchrony Financial by 19.7% during the 4th quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 181 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake 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 during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

SYF stock opened at $54.77 on Friday. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $64.91 and a 200 day moving average price of $59.98. The stock has a market cap of $21.29 billion, a PE ratio of 6.41, a P/E/G ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS 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%. Equities research 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 dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. Synchrony Financial’s dividend payout ratio is presently 11.71%.

Analyst Upgrades and Downgrades

SYF has been the topic of several analyst reports. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lifted their target price on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Truist Financial lifted their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Compass Point cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Tuesday, January 28th. Finally, UBS Group lifted their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Six 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 currently has a consensus rating of “Moderate Buy” and an average target price of $69.30.

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.