Machina Capital S.A.S. Purchases Shares of 6,131 Synchrony Financial (NYSE:SYF)

Machina Capital S.A.S. purchased a new stake in Synchrony Financial (NYSE:SYF) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 6,131 shares of the financial services provider’s stock, valued at approximately $399,000.

Several other large investors have also recently bought and sold shares of SYF. Bogart Wealth LLC bought a new position in Synchrony Financial in the 4th quarter valued at $26,000. Larson Financial Group LLC lifted its holdings in shares of Synchrony Financial by 92.7% during 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 last quarter. Y.D. More Investments Ltd lifted its holdings in shares of 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 acquiring an additional 253 shares during the last quarter. Quarry LP lifted its holdings in shares of Synchrony Financial by 301.3% during 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 last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Synchrony Financial during the 3rd quarter worth $50,000. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Stock Performance

Shares of NYSE SYF opened at $54.77 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The firm has a market capitalization of $21.29 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. The firm has a 50 day moving average of $64.91 and a 200 day moving average of $59.98.

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, 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, research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SYF. UBS Group lifted their price objective on shares of Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods boosted their price target on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada boosted their price objective on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Finally, Barclays raised 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 research note on Monday, January 6th. Six 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.30.

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.