TFB Advisors LLC Takes $237,000 Position in Synchrony Financial (NYSE:SYF)

TFB Advisors LLC bought a new position in shares of Synchrony Financial (NYSE:SYF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,653 shares of the financial services provider’s stock, valued at approximately $237,000.

Other hedge funds have also recently made changes to their positions in the company. National Pension Service increased its stake in Synchrony Financial by 22.7% in the third quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock valued at $47,773,000 after purchasing an additional 177,051 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Synchrony Financial during the fourth quarter valued at approximately $452,000. National Bank of Canada FI raised its stake in shares of Synchrony Financial by 119.0% during the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock worth $12,123,000 after purchasing an additional 132,047 shares during the period. Brophy Wealth Management LLC bought a new stake in Synchrony Financial in the third quarter worth about $544,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Synchrony Financial by 2.2% in the 3rd quarter. Principal Financial Group Inc. now owns 487,720 shares of the financial services provider’s stock worth $24,327,000 after purchasing an additional 10,294 shares during the period. 96.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SYF shares. UBS Group lifted their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Jefferies Financial Group boosted their price target on shares of Synchrony Financial from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Bank of America raised their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Barclays raised shares of 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. Finally, Compass Point lowered Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.30.

Insider Transactions at Synchrony Financial

In other 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 transaction, the insider now directly owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

Synchrony Financial Stock Down 1.9 %

Shares of NYSE:SYF opened at $63.98 on Thursday. The firm has a market capitalization of $24.91 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.24. Synchrony Financial has a 52-week low of $38.25 and a 52-week high of $70.93. The firm has a fifty day moving average of $67.10 and a 200 day moving average of $58.31.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (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 anticipate that Synchrony Financial will post 7.45 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Synchrony Financial 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.