HUB Investment Partners LLC Purchases New Shares in Synchrony Financial (NYSE:SYF)

HUB Investment Partners LLC acquired a new position in Synchrony Financial (NYSE:SYF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,435 shares of the financial services provider’s stock, valued at approximately $288,000.

A number of other institutional investors have also recently bought and sold shares of SYF. New Wave Wealth Advisors LLC bought a new position in shares of Synchrony Financial in the fourth quarter worth $452,000. National Bank of Canada FI raised its position in shares of Synchrony Financial by 119.0% in the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock valued at $12,123,000 after buying an additional 132,047 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Synchrony Financial by 7.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock worth $11,787,000 after acquiring an additional 12,492 shares during the period. Brophy Wealth Management LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth approximately $544,000. Finally, Summit Trail Advisors LLC bought a new position in Synchrony Financial in the fourth quarter valued at approximately $423,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Up 0.4 %

Synchrony Financial stock opened at $54.07 on Friday. The firm has a 50 day moving average price of $62.41 and a two-hundred day moving average price of $60.28. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. The firm has a market cap of $21.02 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last released its 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 net margin of 15.36% and a return on equity of 18.30%. Equities analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.85%. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group raised 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. Royal Bank of Canada lifted their target price 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. Bank of America increased their target price 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 upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. Finally, Compass Point lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.10.

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.