Sovran Advisors LLC Invests $1.51 Million in Synchrony Financial (NYSE:SYF)

Sovran Advisors LLC purchased a new stake in Synchrony Financial (NYSE:SYF) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 22,872 shares of the financial services provider’s stock, valued at approximately $1,511,000.

A number of other large investors have also recently bought and sold shares of SYF. Y.D. More Investments Ltd raised its holdings in shares of Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. Larson Financial Group LLC increased its position in Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 292 shares during the period. Raleigh Capital Management Inc. raised its stake in Synchrony Financial by 151.4% during the 4th 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. Quarry LP lifted its position in Synchrony Financial by 301.3% during the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 675 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Synchrony Financial in the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $79.00 in a report on Monday, January 6th. Royal Bank of Canada lifted their target price on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. TD Cowen increased their price target on shares of Synchrony Financial from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Compass Point lowered Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Seven 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.30.

Synchrony Financial Price Performance

Synchrony Financial stock opened at $65.45 on Tuesday. The firm’s 50-day moving average is $67.17 and its two-hundred day moving average is $58.11. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.25. The stock has a market capitalization of $25.48 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.72 and a beta of 1.63. Synchrony Financial has a 12-month low of $38.25 and a 12-month high of $70.93.

Synchrony Financial (NYSE:SYF) last released 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%. Equities analysts predict that Synchrony Financial will post 7.45 earnings per share for the current year.

Synchrony Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the transaction, the insider now owns 127,587 shares of the company’s stock, valued at $8,291,879.13. This trade represents a 21.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by company insiders.

About Synchrony Financial

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.