Sei Investments Co. Buys 137,713 Shares of Synchrony Financial (NYSE:SYF)

Sei Investments Co. increased its stake in Synchrony Financial (NYSE:SYF) by 23.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 729,800 shares of the financial services provider’s stock after purchasing an additional 137,713 shares during the period. Sei Investments Co. owned approximately 0.19% of Synchrony Financial worth $47,443,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several research firms recently weighed in on SYF. Compass Point lowered Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research note on Tuesday, January 28th. Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Bank of America upped their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods raised their target price on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada upped their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.10.

Synchrony Financial Stock Up 0.4 %

SYF opened at $54.07 on Monday. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The firm has a market capitalization of $21.02 billion, a P/E ratio of 6.33, a PEG ratio of 0.71 and a beta of 1.67. The company’s 50-day moving average is $62.41 and its 200 day moving average is $60.36. 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 (NYSE:SYF) last released 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%. Research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

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

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.