denkapparat Operations GmbH Takes $201,000 Position in Synchrony Financial (NYSE:SYF)

denkapparat Operations GmbH purchased a new position in Synchrony Financial (NYSE:SYF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,090 shares of the financial services provider’s stock, valued at approximately $201,000.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of 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 last quarter. Loomis Sayles & Co. L P lifted its stake in Synchrony Financial by 8.1% in the third quarter. Loomis Sayles & Co. L P now owns 11,899 shares of the financial services provider’s stock worth $594,000 after purchasing an additional 895 shares during the last quarter. Bank of Montreal Can lifted its stake in Synchrony Financial by 35.9% in the third quarter. Bank of Montreal Can now owns 597,103 shares of the financial services provider’s stock worth $29,646,000 after purchasing an additional 157,763 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Synchrony Financial during the third quarter valued at approximately $791,000. Finally, Townsquare Capital LLC bought a new position in shares of Synchrony Financial during the third quarter valued at approximately $245,000. 96.48% of the stock is currently owned by institutional investors.

Synchrony Financial Stock Down 3.3 %

NYSE:SYF opened at $52.39 on Friday. The company’s 50-day simple moving average is $61.17 and its 200-day simple moving average is $60.41. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The stock has a market capitalization of $20.37 billion, a P/E ratio of 6.13, a P/E/G 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 earnings per share 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, equities 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 announced 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 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

Analyst Upgrades and Downgrades

SYF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $59.00 to $79.00 in a research note on Monday, January 6th. Royal Bank of Canada raised their price target 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. UBS Group boosted their price objective 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, Bank of America raised their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.