G&S Capital LLC Buys Shares of 18,352 Synchrony Financial (NYSE:SYF)

G&S Capital LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,352 shares of the financial services provider’s stock, valued at approximately $1,193,000.

Other large investors have also made changes to their positions in the company. Avestar Capital LLC acquired a new stake in Synchrony Financial during the 4th quarter worth about $250,000. Consolidated Planning Corp increased its holdings in Synchrony Financial by 0.4% in the fourth quarter. Consolidated Planning Corp now owns 113,140 shares of the financial services provider’s stock valued at $7,354,000 after buying an additional 402 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Synchrony Financial in the 4th quarter worth about $24,185,000. Gladstone Institutional Advisory LLC raised its position in Synchrony Financial by 1.9% during the fourth 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 period. Finally, TFB Advisors LLC acquired a new position in shares of Synchrony Financial during the 4th quarter worth about $237,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Price Performance

Shares of SYF opened at $63.98 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.25. Synchrony Financial has a 12 month low of $38.25 and a 12 month high of $70.93. The stock has a fifty day moving average price of $67.04 and a 200 day moving average price of $58.35. The company has a market cap of $24.91 billion, a P/E ratio of 7.49, a PEG ratio of 0.72 and a beta of 1.63.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, research analysts forecast that Synchrony Financial will post 7.45 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SYF shares. Bank of America increased their price objective 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. TD Cowen upped their price objective on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Evercore ISI raised their target price on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Finally, Robert W. Baird set a $62.00 price objective on Synchrony Financial in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.30.

Insider Buying and Selling

In related news, insider Jonathan S. Mothner sold 34,163 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the completion of the sale, the insider now directly owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. This represents a 21.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

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.