Beacon Harbor Wealth Advisors Inc. Takes Position in Synchrony Financial (NYSE:SYF)

Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of Synchrony Financial (NYSE:SYF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 89,013 shares of the financial services provider’s stock, valued at approximately $5,786,000.

Other large investors have also made changes to their positions in the company. Bogart Wealth LLC acquired a new stake in shares of Synchrony Financial during the fourth quarter valued at approximately $26,000. 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. Larson Financial Group LLC increased its stake 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 valued at $30,000 after buying an additional 292 shares during the period. Raleigh Capital Management Inc. increased its stake 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 valued at $52,000 after buying an additional 486 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Synchrony Financial in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SYF shares. Barclays upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Bank of America upped their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Truist Financial upped their price objective on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Royal Bank of Canada boosted their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and an average target price of $69.30.

Synchrony Financial Price Performance

NYSE:SYF opened at $55.81 on Thursday. The stock has a market cap of $21.70 billion, a P/E ratio of 6.54, a PEG ratio of 0.71 and a beta of 1.63. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93. The company has a fifty day moving average price of $65.39 and a 200 day moving average price of $59.88. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24.

Synchrony Financial (NYSE:SYF) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate 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 year.

Synchrony Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.79%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s payout ratio is currently 11.71%.

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.