Vinva Investment Management Ltd Buys 7,703 Shares of Synchrony Financial (NYSE:SYF)

Vinva Investment Management Ltd raised its stake in shares of Synchrony Financial (NYSE:SYF) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,243 shares of the financial services provider’s stock after acquiring an additional 7,703 shares during the quarter. Vinva Investment Management Ltd’s holdings in Synchrony Financial were worth $5,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in Synchrony Financial during the 4th quarter valued at $452,000. National Bank of Canada FI lifted its holdings in shares of Synchrony Financial by 119.0% during the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock valued at $12,123,000 after purchasing an additional 132,047 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Synchrony Financial by 7.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock valued at $11,787,000 after purchasing an additional 12,492 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Synchrony Financial during the 3rd quarter valued at $544,000. Finally, Summit Trail Advisors LLC purchased a new stake in shares of Synchrony Financial during the 4th quarter valued at $423,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

Shares of SYF opened at $54.46 on Thursday. 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 quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $21.17 billion, a P/E ratio of 6.38, a P/E/G ratio of 0.71 and a beta of 1.67. The business’s 50-day moving average is $62.85 and its two-hundred day moving average is $60.22.

Synchrony Financial (NYSE:SYF) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Research analysts predict that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 1.84%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Compass Point lowered Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Tuesday, January 28th. UBS Group increased their price objective on Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Barclays upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $59.00 to $79.00 in a report on Monday, January 6th. Truist Financial raised their target price on Synchrony Financial from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, Bank of America raised their target price on Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.70.

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.