Jaffetilchin Investment Partners LLC Takes $1.73 Million Position in Synchrony Financial (NYSE:SYF)

Jaffetilchin Investment Partners LLC purchased a new position in Synchrony Financial (NYSE:SYF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,578 shares of the financial services provider’s stock, valued at approximately $1,728,000.

Other hedge funds also recently bought and sold shares of the company. Apollon Wealth Management LLC grew its stake in Synchrony Financial by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 160 shares in the last quarter. Covestor Ltd grew its position in shares of Synchrony Financial by 6.0% during the 4th quarter. Covestor Ltd now owns 3,085 shares of the financial services provider’s stock worth $200,000 after buying an additional 174 shares in the last quarter. Gladstone Institutional Advisory LLC increased its stake in shares of Synchrony Financial by 1.9% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock valued at $604,000 after buying an additional 176 shares during the period. Smithfield Trust Co raised its holdings in shares of Synchrony Financial by 19.7% in the fourth quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 181 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Synchrony Financial by 2.6% in the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

NYSE SYF opened at $46.62 on Friday. The stock’s fifty day moving average price is $56.59 and its 200 day moving average price is $60.42. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $18.12 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 0.71 and a beta of 1.45.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, equities research analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend 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%.

Analysts Set New Price Targets

SYF has been the topic of a number of research reports. Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $59.00 to $79.00 in a research report on Monday, January 6th. Compass Point downgraded 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. The Goldman Sachs Group dropped their target price on Synchrony Financial from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. StockNews.com lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Truist Financial decreased their price objective on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.