HUB Investment Partners LLC Invests $288,000 in Synchrony Financial (NYSE:SYF)

HUB Investment Partners LLC bought a new stake in Synchrony Financial (NYSE:SYF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,435 shares of the financial services provider’s stock, valued at approximately $288,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd increased its position in shares of Synchrony Financial by 61.6% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 13,262 shares of the financial services provider’s stock worth $862,000 after acquiring an additional 5,055 shares in the last quarter. Vinva Investment Management Ltd boosted its position in shares of Synchrony Financial by 10.8% during the fourth quarter. Vinva Investment Management Ltd now owns 79,243 shares of the financial services provider’s stock valued at $5,155,000 after buying an additional 7,703 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Synchrony Financial during the fourth quarter worth $227,000. Xponance Inc. raised its position in Synchrony Financial by 3.5% in the 4th quarter. Xponance Inc. now owns 58,927 shares of the financial services provider’s stock valued at $3,830,000 after buying an additional 1,975 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in Synchrony Financial during the 4th quarter valued at $3,228,000. 96.48% of the stock is owned by institutional investors and hedge funds.

Synchrony Financial Stock Up 0.4 %

Shares of NYSE SYF opened at $54.07 on Friday. The business has a 50-day simple moving average of $62.41 and a two-hundred day simple moving average of $60.28. Synchrony Financial has a 52 week low of $39.67 and a 52 week high of $70.93. The company has a market cap of $21.02 billion, a P/E ratio of 6.33, a P/E/G ratio of 0.71 and a beta of 1.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data 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%. Research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Wall Street Analysts Forecast Growth

SYF has been the subject of several analyst reports. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $82.00 in a report on Thursday, December 19th. Compass Point lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Tuesday, January 28th. Royal Bank of Canada lifted 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 report on Wednesday, January 29th. UBS Group increased their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Finally, Truist Financial dropped their price objective on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.10.

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.