4,145 Shares in Synchrony Financial (NYSE:SYF) Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new position in shares of Synchrony Financial (NYSE:SYF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,145 shares of the financial services provider’s stock, valued at approximately $269,000.

A number of other institutional investors also recently added to or reduced their stakes in SYF. Southpoint Capital Advisors LP raised its position in shares of Synchrony Financial by 37.9% during the 3rd quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock worth $229,448,000 after purchasing an additional 1,265,000 shares during the last quarter. Zurich Insurance Group Ltd FI increased its holdings in shares of Synchrony Financial by 389.8% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 1,138,672 shares of the financial services provider’s stock worth $56,797,000 after buying an additional 906,172 shares during the last quarter. Soros Fund Management LLC acquired a new stake in shares of Synchrony Financial during the 3rd quarter worth $41,088,000. Nordea Investment Management AB boosted its position in Synchrony Financial by 18.5% during the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock worth $200,756,000 after purchasing an additional 481,750 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Synchrony Financial by 71.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,130,266 shares of the financial services provider’s stock worth $56,378,000 after purchasing an additional 469,772 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Down 4.5 %

Synchrony Financial stock opened at $52.29 on Tuesday. The firm has a fifty day moving average price of $64.65 and a two-hundred day moving average price of $60.11. Synchrony Financial has a fifty-two week low of $39.67 and a fifty-two week high of $70.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of 6.12, a P/E/G ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts forecast that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 dividend yield of 1.91%. Synchrony Financial’s payout ratio is 11.71%.

Analyst Ratings Changes

SYF has been the subject of a number of analyst reports. Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. Bank of America increased their price objective on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and raised their price target for the company from $59.00 to $72.00 in a research note on Monday, December 9th. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Finally, Compass Point cut Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Synchrony Financial has an average rating of “Moderate Buy” and a consensus price target of $69.30.

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.