Poinciana Advisors Group LLC Acquires Shares of 3,297 Synchrony Financial (NYSE:SYF)

Poinciana Advisors Group LLC acquired a new stake in shares of Synchrony Financial (NYSE:SYF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,297 shares of the financial services provider’s stock, valued at approximately $214,000.

A number of other institutional investors have also modified their holdings of SYF. Bogart Wealth LLC purchased a new position in shares of Synchrony Financial in the 4th quarter valued at about $26,000. Larson Financial Group LLC boosted its holdings 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 worth $30,000 after purchasing an additional 292 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in shares of 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 purchasing an additional 253 shares during the last quarter. Quarry LP boosted its holdings in shares of Synchrony Financial by 301.3% during the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 675 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on SYF shares. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $85.00 in a report on Tuesday, December 3rd. Bank of America increased their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Morgan Stanley upgraded Synchrony Financial from an “underweight” rating to an “overweight” rating and raised their price target for the company from $40.00 to $82.00 in a research note on Thursday, December 19th. Truist Financial raised their price target on Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Finally, Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Synchrony Financial has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Stock Performance

Shares of Synchrony Financial stock opened at $53.42 on Friday. The firm has a market cap of $20.77 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The firm’s 50-day simple moving average is $63.63 and its 200-day simple moving average is $60.06. 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 1 year low of $39.67 and a 1 year high of $70.93.

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%. Equities analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 1.87%. Synchrony Financial’s dividend payout ratio (DPR) is 11.71%.

Synchrony Financial Company 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.