Catalyst Financial Partners LLC Buys New Stake in Synchrony Financial (NYSE:SYF)

Catalyst Financial Partners LLC bought a new stake in shares of Synchrony Financial (NYSE:SYF) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,497 shares of the financial services provider’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service lifted its holdings in shares of Synchrony Financial by 22.7% during the 3rd quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock valued at $47,773,000 after acquiring an additional 177,051 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of 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 acquiring an additional 132,047 shares in the last quarter. Brophy Wealth Management LLC acquired a new position in shares of Synchrony Financial during the 3rd quarter valued at $544,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Synchrony Financial by 2.2% during the 3rd quarter. Principal Financial Group Inc. now owns 487,720 shares of the financial services provider’s stock valued at $24,327,000 after acquiring an additional 10,294 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SYF shares. Truist Financial lifted their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $60.00 to $85.00 in a research note on Tuesday, December 3rd. Morgan Stanley raised shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $40.00 to $82.00 in a research note on Thursday, December 19th. Compass Point downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Tuesday, January 28th. Finally, Bank of America lifted their price target 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. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Synchrony Financial has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

Synchrony Financial Trading Up 1.7 %

Synchrony Financial stock opened at $65.19 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $66.99 and a two-hundred day moving average price of $58.39. The firm has a market capitalization of $25.34 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 0.72 and a beta of 1.63. Synchrony Financial has a 52-week low of $39.26 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. Sell-side analysts expect that Synchrony Financial will post 7.45 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders 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 dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, February 3rd. Synchrony Financial’s dividend payout ratio is currently 11.71%.

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.