TKG Advisors LLC Takes $4.26 Million Position in Synchrony Financial (NYSE:SYF)

TKG Advisors LLC bought a new position in shares of Synchrony Financial (NYSE:SYF) during the fourth quarter, HoldingsChannel reports. The fund bought 60,266 shares of the financial services provider’s stock, valued at approximately $4,257,000. Synchrony Financial comprises about 2.0% of TKG Advisors LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other institutional investors have also modified their holdings of SYF. Convergence Investment Partners LLC grew its position in Synchrony Financial by 16.8% during the 4th quarter. Convergence Investment Partners LLC now owns 66,125 shares of the financial services provider’s stock worth $4,298,000 after purchasing an additional 9,491 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Synchrony Financial during the fourth quarter worth about $24,185,000. Kestra Investment Management LLC acquired a new position in Synchrony Financial in the 4th quarter valued at about $405,000. Atria Wealth Solutions Inc. acquired a new position in Synchrony Financial in the 4th quarter valued at about $208,000. Finally, Venturi Wealth Management LLC raised its stake in Synchrony Financial by 204.8% during the 4th quarter. Venturi Wealth Management LLC now owns 5,065 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 3,403 shares during the last quarter. 96.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SYF. UBS Group boosted their target price on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $40.00 to $82.00 in a report on Thursday, December 19th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $72.00 in a report on Monday, December 9th. Finally, Bank of America lifted their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Seven investment 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 stock. Based on data from MarketBeat, Synchrony Financial currently has an average rating of “Moderate Buy” and an average price target of $69.30.

Synchrony Financial Stock Down 0.0 %

SYF stock opened at $65.20 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50 day simple moving average is $66.84 and its 200-day simple moving average is $58.86. Synchrony Financial has a 12 month low of $39.26 and a 12 month high of $70.93. The firm has a market capitalization of $25.35 billion, a PE ratio of 7.64, a P/E/G ratio of 0.73 and a beta of 1.63.

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

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given 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 was Monday, February 3rd. Synchrony Financial’s dividend payout ratio 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.