denkapparat Operations GmbH Acquires New Holdings in Synchrony Financial (NYSE:SYF)

denkapparat Operations GmbH bought a new position in Synchrony Financial (NYSE:SYF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,090 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial in the fourth quarter worth $26,000. TCTC Holdings LLC bought a new stake in shares of Synchrony Financial during the 4th quarter valued at about $27,000. Larson Financial Group LLC increased its position in shares of Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 253 shares during the period. Finally, Quarry LP boosted its holdings in shares of Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after buying an additional 675 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Synchrony Financial Stock Performance

NYSE SYF opened at $52.39 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. Synchrony Financial has a 1-year low of $39.67 and a 1-year high of $70.93. The business has a 50 day simple moving average of $61.17 and a two-hundred day simple moving average of $60.41. The stock has a market capitalization of $20.37 billion, a PE ratio of 6.13, a P/E/G ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.91%. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SYF. Bank of America upped their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Royal Bank of Canada raised their target price on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Truist Financial cut their price target on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a report on Friday, March 21st. UBS Group raised their price objective on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group cut their price objective on Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.10.

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.