Kestra Investment Management LLC Acquires New Holdings in Synchrony Financial (NYSE:SYF)

Kestra Investment Management LLC bought a new position in shares of Synchrony Financial (NYSE:SYF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,225 shares of the financial services provider’s stock, valued at approximately $405,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial in the fourth quarter worth $26,000. Larson Financial Group LLC grew its position in shares of Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares during the last quarter. Y.D. More Investments Ltd increased its stake in shares of Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after buying an additional 253 shares during the period. Quarry LP raised its position in shares of Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 675 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Synchrony Financial in the third quarter worth approximately $50,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Trading Up 0.5 %

SYF opened at $65.59 on Thursday. Synchrony Financial has a fifty-two week low of $39.26 and a fifty-two week high of $70.93. The firm has a market capitalization of $25.50 billion, a PE ratio of 7.68, a P/E/G ratio of 0.73 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50-day moving average is $66.79 and its 200 day moving average is $58.91.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data 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 return on equity of 18.30% and a net margin of 15.36%. As a group, research analysts predict 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. Investors of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s payout ratio is currently 11.71%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. Bank of America lifted their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. The Goldman Sachs Group upped their price target on shares of Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Truist Financial lifted their price objective on Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Finally, Evercore ISI upped their target price on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Synchrony Financial presently has an average rating of “Moderate Buy” and an average price target of $69.30.

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.