R Squared Ltd Takes $191,000 Position in Synchrony Financial (NYSE:SYF)

R Squared Ltd purchased a new position in shares of Synchrony Financial (NYSE:SYF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,940 shares of the financial services provider’s stock, valued at approximately $191,000.

Several other hedge funds have also recently modified their holdings of SYF. Mayflower Financial Advisors LLC acquired a new stake in Synchrony Financial in the fourth quarter valued at about $230,000. Blue Trust Inc. lifted its holdings in shares of Synchrony Financial by 23.7% in the 4th quarter. Blue Trust Inc. now owns 4,570 shares of the financial services provider’s stock valued at $297,000 after buying an additional 875 shares during the period. PFG Investments LLC purchased a new stake in shares of Synchrony Financial in the fourth quarter valued at approximately $200,000. CX Institutional grew its holdings in Synchrony Financial by 4.0% during the fourth quarter. CX Institutional now owns 5,755 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 222 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Synchrony Financial by 32.5% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 33,619 shares of the financial services provider’s stock worth $2,187,000 after acquiring an additional 8,251 shares in the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 34,163 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the sale, the insider now directly owns 127,587 shares in the company, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Curtis Howse sold 21,934 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Synchrony Financial Stock Up 3.2 %

Shares of NYSE SYF opened at $68.76 on Thursday. The stock has a market capitalization of $26.77 billion, a PE ratio of 8.98, a P/E/G ratio of 0.83 and a beta of 1.64. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average of $66.93 and a 200-day moving average of $57.14. Synchrony Financial has a 52-week low of $37.91 and a 52-week high of $70.93.

Synchrony Financial (NYSE:SYF) last released 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 16.64% and a net margin of 13.98%. On average, analysts anticipate that Synchrony Financial will post 6.54 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.45%. Synchrony Financial’s dividend payout ratio is currently 13.05%.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com upgraded shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their price target on Synchrony Financial from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised their price objective on Synchrony Financial from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their target price on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Truist Financial started coverage on Synchrony Financial in a research report on Tuesday, January 7th. They issued a “hold” rating and a $72.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.05.

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.