LSV Asset Management Has $114.77 Million Stock Position in Synchrony Financial (NYSE:SYF)

LSV Asset Management boosted its stake in shares of Synchrony Financial (NYSE:SYF) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,765,731 shares of the financial services provider’s stock after purchasing an additional 64,900 shares during the quarter. LSV Asset Management’s holdings in Synchrony Financial were worth $114,773,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SYF. Scotia Capital Inc. bought a new stake in shares of Synchrony Financial in the fourth quarter valued at about $679,000. Bessemer Group Inc. lifted its position in shares of Synchrony Financial by 7.3% in the 4th quarter. Bessemer Group Inc. now owns 39,750 shares of the financial services provider’s stock worth $2,583,000 after acquiring an additional 2,695 shares during the period. DRW Securities LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $1,195,000. Martingale Asset Management L P grew its holdings in shares of Synchrony Financial by 13.3% during the 4th quarter. Martingale Asset Management L P now owns 50,086 shares of the financial services provider’s stock worth $3,256,000 after purchasing an additional 5,870 shares in the last quarter. Finally, Applied Finance Capital Management LLC acquired a new position in shares of Synchrony Financial in the fourth quarter valued at $622,000. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Trading Down 7.7 %

SYF opened at $46.62 on Friday. The stock has a market capitalization of $18.12 billion, a P/E ratio of 5.46, a P/E/G ratio of 0.71 and a beta of 1.45. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93. The firm’s fifty day simple moving average is $56.59 and its 200 day simple moving average is $60.42. 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 (NYSE:SYF) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 2.15%. Synchrony Financial’s payout ratio is presently 11.71%.

Analyst Ratings Changes

A number of research firms have weighed in on SYF. StockNews.com downgraded shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. The Goldman Sachs Group decreased their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price target on shares of Synchrony Financial from $76.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday. Wells Fargo & Company decreased their price objective on Synchrony Financial from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Finally, UBS Group increased their target price on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.11.

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.