Gladstone Institutional Advisory LLC Purchases 176 Shares of Synchrony Financial (NYSE:SYF)

Gladstone Institutional Advisory LLC increased its position in shares of Synchrony Financial (NYSE:SYF) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,290 shares of the financial services provider’s stock after buying an additional 176 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Synchrony Financial were worth $604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Southpoint Capital Advisors LP boosted its position in shares of Synchrony Financial by 37.9% in the third quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock valued at $229,448,000 after acquiring an additional 1,265,000 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Synchrony Financial by 3.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider’s stock valued at $221,830,000 after purchasing an additional 157,948 shares during the period. Nordea Investment Management AB grew its position in Synchrony Financial by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock worth $200,756,000 after purchasing an additional 481,750 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Synchrony Financial by 1.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,199,554 shares of the financial services provider’s stock worth $109,714,000 after purchasing an additional 37,484 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Synchrony Financial by 8.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,061,979 shares of the financial services provider’s stock worth $102,852,000 after purchasing an additional 158,960 shares during the period. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Trading Up 1.7 %

SYF opened at $65.19 on Friday. Synchrony Financial has a 1-year low of $39.26 and a 1-year high of $70.93. The stock has a market capitalization of $25.34 billion, a PE ratio of 7.63, a PEG ratio of 0.72 and a beta of 1.63. The company has a current ratio of 1.24, a quick ratio of 1.25 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $66.99 and a two-hundred day moving average price of $58.39.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that Synchrony Financial will post 7.45 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, February 3rd. Synchrony Financial’s dividend payout ratio is presently 11.71%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SYF shares. Bank of America lifted their target price on Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada boosted their price objective on Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Evercore ISI raised their target price on Synchrony Financial from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $59.00 to $72.00 in a report on Monday, December 9th. Finally, Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $40.00 to $82.00 in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Synchrony Financial has a consensus rating of “Moderate Buy” and a consensus target price of $69.30.

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.