Blair William & Co. IL Increases Stock Holdings in Synchrony Financial (NYSE:SYF)

Blair William & Co. IL raised its stake in shares of Synchrony Financial (NYSE:SYF) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,761 shares of the financial services provider’s stock after purchasing an additional 684 shares during the quarter. Blair William & Co. IL’s holdings in Synchrony Financial were worth $309,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial during the 4th quarter valued at about $26,000. TCTC Holdings LLC bought a new stake in Synchrony Financial during the 4th quarter valued at approximately $27,000. Y.D. More Investments Ltd boosted 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 valued at $31,000 after acquiring an additional 253 shares in the last quarter. Quarry LP raised its position 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 worth $45,000 after acquiring an additional 675 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in shares of 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 purchasing an additional 486 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SYF has been the topic of several recent research reports. UBS Group upped their price target on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. Compass Point cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Tuesday, January 28th. Finally, StockNews.com lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.26.

Synchrony Financial Trading Down 6.0 %

NYSE:SYF opened at $43.76 on Friday. The company has a market cap of $17.01 billion, a PE ratio of 5.12, a price-to-earnings-growth 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. The company has a 50 day simple moving average of $59.21 and a two-hundred day simple moving average of $60.62. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93.

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 the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Research analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

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.