Synchrony Financial (NYSE:SYF) Shares Bought by Trexquant Investment LP

Trexquant Investment LP grew its holdings in shares of Synchrony Financial (NYSE:SYF) by 32.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,318 shares of the financial services provider’s stock after purchasing an additional 26,472 shares during the period. Trexquant Investment LP’s holdings in Synchrony Financial were worth $7,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SYF. Bogart Wealth LLC acquired a new position in Synchrony Financial during the 4th quarter valued at about $26,000. TCTC Holdings LLC acquired a new position in shares of Synchrony Financial during the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd raised its holdings 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 purchasing an additional 253 shares in the last quarter. Quarry LP lifted its position in 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 purchasing an additional 675 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake 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 valued at $52,000 after purchasing an additional 486 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley raised Synchrony Financial from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. StockNews.com lowered shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. The Goldman Sachs Group dropped their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Bank of America raised their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Compass Point cut Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a report on Tuesday, January 28th. Seven equities research 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.35.

Synchrony Financial Trading Down 15.5 %

Shares of NYSE:SYF opened at $46.50 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $18.08 billion, a PE ratio of 5.44, a P/E/G ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The firm has a fifty day moving average price of $59.75 and a 200 day moving average price of $60.57.

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, beating analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Analysts expect that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is currently 11.71%.

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.