Synchrony Financial (NYSE:SYF) Stock Holdings Increased by LSV Asset Management

LSV Asset Management raised its holdings in shares of Synchrony Financial (NYSE:SYF) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,765,731 shares of the financial services provider’s stock after buying an additional 64,900 shares during the period. LSV Asset Management owned about 0.45% of Synchrony Financial worth $114,773,000 as of its most recent SEC filing.

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 $26,000. TCTC Holdings LLC purchased a new position in Synchrony Financial in the 4th quarter worth about $27,000. Y.D. More Investments Ltd raised its holdings in Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after buying an additional 253 shares during the period. Raleigh Capital Management Inc. raised its holdings in Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after buying an additional 486 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Synchrony Financial by 46.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider’s stock worth $53,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Synchrony Financial Stock Down 7.7 %

SYF opened at $46.62 on Friday. The firm has a market cap of $18.12 billion, a P/E ratio of 5.46, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The business has a 50 day moving average price of $56.59 and a 200 day moving average price of $60.42. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93.

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

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SYF shares. The Goldman Sachs Group reduced their price target on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. StockNews.com lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. 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 report on Monday, January 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $44.00 target price (down previously from $82.00) on shares of Synchrony Financial in a report on Monday. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.11.

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.