Synchrony Financial (NYSE:SYF) Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its holdings in Synchrony Financial (NYSE:SYF) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,655 shares of the financial services provider’s stock after acquiring an additional 996 shares during the quarter. Atria Investments Inc’s holdings in Synchrony Financial were worth $498,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of 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 increased its holdings 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 acquiring an additional 292 shares during the period. Y.D. More Investments Ltd increased its holdings in shares of Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 253 shares during the period. Quarry LP increased its holdings in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 675 shares during the period. Finally, Raleigh Capital Management Inc. increased its stake in Synchrony Financial by 151.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after buying an additional 486 shares during the period. 96.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. 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. Bank of America boosted their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada boosted their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Truist Financial boosted their price objective on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Finally, Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average target price of $69.30.

Synchrony Financial Trading Up 2.9 %

Shares of SYF stock opened at $53.42 on Friday. The firm has a 50-day moving average price of $63.63 and a 200 day moving average price of $60.14. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93. The company has a market capitalization of $20.77 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 0.71 and a beta of 1.67. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01.

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

Synchrony Financial Announces Dividend

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. This represents a $1.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is 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.