Gladstone Institutional Advisory LLC Buys 176 Shares of Synchrony Financial (NYSE:SYF)

Gladstone Institutional Advisory LLC lifted its position in shares of Synchrony Financial (NYSE:SYF) by 1.9% during the fourth quarter, HoldingsChannel reports. The firm owned 9,290 shares of the financial services provider’s stock after buying an additional 176 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Synchrony Financial were worth $604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SYF. Larson Financial Group LLC lifted its stake in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares in the last quarter. Y.D. More Investments Ltd increased its holdings 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 purchasing an additional 253 shares in the last quarter. Quarry LP raised its stake in shares of Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 675 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Synchrony Financial in the third quarter valued at about $50,000. Finally, Raleigh Capital Management Inc. boosted its position 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 during the period. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Stock Performance

NYSE SYF opened at $65.19 on Friday. The stock has a market cap of $25.34 billion, a PE ratio of 7.63, a P/E/G ratio of 0.72 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.24. The firm has a 50-day moving average of $66.99 and a 200-day moving average of $58.39. Synchrony Financial has a 52-week low of $39.26 and a 52-week high of $70.93.

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, topping 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%. On average, sell-side analysts anticipate that Synchrony Financial will post 7.45 EPS for the current year.

Synchrony Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SYF shares. Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $59.00 to $79.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Bank of America raised their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Compass Point cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group increased their price objective on shares of Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Company 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.