Bogart Wealth LLC Acquires New Shares in Synchrony Financial (NYSE:SYF)

Bogart Wealth LLC acquired a new stake in Synchrony Financial (NYSE:SYF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 400 shares of the financial services provider’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also modified their holdings of SYF. Larson Financial Group LLC raised its holdings in Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 292 shares during the period. Y.D. More Investments Ltd raised its holdings 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 worth $31,000 after acquiring an additional 253 shares during the period. Quarry LP raised its holdings in Synchrony Financial by 301.3% in the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 675 shares during the period. Capital Performance Advisors LLP bought a new position in Synchrony Financial in the 3rd quarter worth $50,000. Finally, Raleigh Capital Management Inc. raised its holdings in Synchrony Financial by 151.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 486 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SYF shares. Bank of America lifted 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. Royal Bank of Canada lifted their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Morgan Stanley upgraded shares of 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 report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.30.

Synchrony Financial Price Performance

NYSE:SYF opened at $65.19 on Friday. The firm has a market cap of $25.38 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.72 and a beta of 1.63. Synchrony Financial has a 12 month low of $39.26 and a 12 month high of $70.93. The company has a quick ratio of 1.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average price is $66.93 and its two-hundred day moving average price is $58.49.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 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%. On average, equities analysts anticipate that Synchrony Financial will post 7.45 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.25 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. Synchrony Financial’s dividend payout ratio (DPR) is presently 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.