Interchange Capital Partners LLC Makes New Investment in Synchrony Financial (NYSE:SYF)

Interchange Capital Partners LLC purchased a new stake in shares of Synchrony Financial (NYSE:SYF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,721 shares of the financial services provider’s stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bogart Wealth LLC bought a new stake in Synchrony Financial during the fourth quarter valued at approximately $26,000. TCTC Holdings LLC bought a new stake in shares of Synchrony Financial during the 4th quarter worth $27,000. Y.D. More Investments Ltd lifted its holdings in shares of Synchrony Financial by 111.5% during the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 253 shares during the last quarter. Larson Financial Group LLC grew its position in Synchrony Financial by 92.7% in the third 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 in the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. UBS Group upped their target price on Synchrony Financial from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $59.00 to $79.00 in a research note on Monday, January 6th. Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Finally, Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Synchrony Financial has an average rating of “Moderate Buy” and a consensus price target of $68.10.

Synchrony Financial Stock Performance

Shares of SYF stock opened at $55.83 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a fifty day moving average of $62.23 and a 200 day moving average of $60.41. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 6.54, a PEG ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 52 week low of $39.67 and a 52 week high of $70.93.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 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, research analysts expect that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.79%. Synchrony Financial’s dividend payout ratio (DPR) is 11.71%.

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.