Thoroughbred Financial Services LLC Buys 4,453 Shares of Synchrony Financial (NYSE:SYF)

Thoroughbred Financial Services LLC increased its stake in shares of Synchrony Financial (NYSE:SYF) by 20.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,336 shares of the financial services provider’s stock after buying an additional 4,453 shares during the period. Thoroughbred Financial Services LLC’s holdings in Synchrony Financial were worth $1,711,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC acquired a new position in shares of Synchrony Financial in the fourth quarter valued at approximately $26,000. TCTC Holdings LLC acquired a new position in Synchrony Financial in the 4th quarter valued at $27,000. Y.D. More Investments Ltd increased its position 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. lifted its holdings in shares of Synchrony Financial by 151.4% during the fourth 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 in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position 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 valued at $53,000 after acquiring an additional 257 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SYF. Compass Point cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Tuesday, January 28th. Wells Fargo & Company cut their price target on Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday. 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 note on Monday, January 13th. Morgan Stanley upgraded Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. Finally, StockNews.com cut Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.26.

Synchrony Financial Price Performance

Shares of SYF opened at $43.76 on Friday. The business has a 50-day simple moving average of $59.21 and a two-hundred day simple moving average of $60.54. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The stock has a market cap of $17.01 billion, a PE ratio of 5.12, a PEG ratio of 0.71 and a beta of 1.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

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

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.29%. Synchrony Financial’s payout ratio is 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.