22,240 Shares in Synchrony Financial (NYSE:SYF) Acquired by Sovereign Investment Advisors LLC

Sovereign Investment Advisors LLC bought a new position in shares of Synchrony Financial (NYSE:SYF) in the fourth quarter, Holdings Channel reports. The fund bought 22,240 shares of the financial services provider’s stock, valued at approximately $1,446,000.

Other large investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new stake in Synchrony Financial during the fourth quarter worth approximately $452,000. National Bank of Canada FI boosted its holdings in Synchrony Financial by 119.0% during the third quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock worth $12,123,000 after buying an additional 132,047 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Synchrony Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock worth $11,787,000 after buying an additional 12,492 shares in the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Synchrony Financial in the 3rd quarter valued at approximately $544,000. Finally, Summit Trail Advisors LLC purchased a new stake in shares of Synchrony Financial in the 4th quarter valued at approximately $423,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Stock Performance

Shares of SYF opened at $53.42 on Friday. The company’s fifty day moving average is $63.63 and its 200-day moving average is $60.14. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (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 expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently announced 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 1.87%. Synchrony Financial’s payout ratio is presently 11.71%.

Wall Street Analyst Weigh In

SYF has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Bank of America upped their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their price target for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Finally, Compass Point downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Tuesday, January 28th. Six equities research 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. Based on data from MarketBeat.com, Synchrony Financial presently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

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.