Synchrony Financial (NYSE:SYF) Stock Position Raised by Cerity Partners LLC

Cerity Partners LLC increased its position in Synchrony Financial (NYSE:SYF) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 131,515 shares of the financial services provider’s stock after purchasing an additional 2,093 shares during the period. Cerity Partners LLC’s holdings in Synchrony Financial were worth $8,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SYF. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter worth $26,000. TCTC Holdings LLC acquired a new position in Synchrony Financial in the 4th quarter valued at approximately $27,000. Y.D. More Investments Ltd increased its stake in Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after buying an additional 253 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of 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 buying an additional 486 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Synchrony Financial by 46.5% during the 4th 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 in the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SYF has been the subject of several recent research reports. Truist Financial cut their price objective on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a report on Friday, March 21st. Royal Bank of Canada raised their price target on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Bank of America boosted their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on shares of Synchrony Financial from $76.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, StockNews.com downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.11.

Synchrony Financial Stock Down 7.7 %

Shares of SYF stock opened at $46.62 on Friday. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm has a market cap of $18.12 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. The stock has a 50 day moving average of $56.59 and a 200-day moving average of $60.42.

Synchrony Financial (NYSE:SYF) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Monday, February 3rd. 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.