Fox Run Management L.L.C. Takes Position in Synchrony Financial (NYSE:SYF)

Fox Run Management L.L.C. acquired a new position in Synchrony Financial (NYSE:SYF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,921 shares of the financial services provider’s stock, valued at approximately $450,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Pathstone Holdings LLC boosted its stake in shares of Synchrony Financial by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 37,785 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 493 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Synchrony Financial by 8.3% in the third quarter. PNC Financial Services Group Inc. now owns 57,950 shares of the financial services provider’s stock valued at $2,891,000 after buying an additional 4,417 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Synchrony Financial by 5.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 203,988 shares of the financial services provider’s stock valued at $10,175,000 after buying an additional 9,671 shares during the period. Cerity Partners LLC boosted its position in Synchrony Financial by 40.2% during the third quarter. Cerity Partners LLC now owns 129,422 shares of the financial services provider’s stock valued at $6,456,000 after acquiring an additional 37,101 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in Synchrony Financial during the 3rd quarter worth about $550,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Trading Up 0.1 %

NYSE SYF opened at $55.85 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $62.03 and a 200 day simple moving average of $60.47. 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 $21.71 billion, a P/E ratio of 6.54, a PEG ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last announced 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%. On average, analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Truist Financial dropped their price target on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada increased 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 note on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.10.

Synchrony Financial 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.