Synchrony Financial (NYSE:SYF) Shares Purchased by RWC Asset Management LLP

RWC Asset Management LLP boosted its position in shares of Synchrony Financial (NYSE:SYF) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,715 shares of the financial services provider’s stock after buying an additional 1,624 shares during the period. RWC Asset Management LLP’s holdings in Synchrony Financial were worth $566,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial in the 4th quarter valued at $26,000. Larson Financial Group LLC grew its position in Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 292 shares during the last quarter. Y.D. More Investments Ltd grew its position in Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 253 shares during the last quarter. Quarry LP increased its stake in Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 675 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Synchrony Financial in the third quarter valued at about $50,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SYF. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Barclays raised 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 report on Monday, January 6th. Royal Bank of Canada increased their price target on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Finally, UBS Group raised their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Seven investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.30.

Synchrony Financial Trading Down 3.9 %

Shares of SYF stock opened at $61.35 on Monday. Synchrony Financial has a 1-year low of $39.35 and a 1-year high of $70.93. The firm’s 50-day simple moving average is $66.56 and its 200-day simple moving average is $59.27. The firm has a market cap of $23.85 billion, a P/E ratio of 7.18, a PEG ratio of 0.71 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.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share 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%. As a group, equities analysts forecast that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

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.