C M Bidwell & Associates Ltd. Invests $330,000 in Synchrony Financial (NYSE:SYF)

C M Bidwell & Associates Ltd. bought a new stake in Synchrony Financial (NYSE:SYF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,075 shares of the financial services provider’s stock, valued at approximately $330,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial in the 4th quarter worth approximately $26,000. TCTC Holdings LLC bought a new stake in Synchrony Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd raised its stake in Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 253 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Synchrony Financial by 92.7% during the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 292 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Synchrony Financial by 151.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Down 3.3 %

Shares of Synchrony Financial stock opened at $52.39 on Monday. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The business has a fifty day simple moving average of $61.17 and a 200 day simple moving average of $60.62. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market cap of $20.37 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, topping 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%. Research analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.91%. Synchrony Financial’s dividend payout ratio is presently 11.71%.

Analysts Set New Price Targets

SYF has been the subject of several analyst reports. Bank of America lifted their price target 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. Compass Point cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Tuesday, January 28th. The Goldman Sachs Group decreased their price target on Synchrony Financial from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods increased their target price on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus 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.