417 Shares in Synchrony Financial (NYSE:SYF) Acquired by TCTC Holdings LLC

TCTC Holdings LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 417 shares of the financial services provider’s stock, valued at approximately $27,000.

Other large investors have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in Synchrony Financial during the 4th quarter worth approximately $26,000. Larson Financial Group LLC grew its position in Synchrony Financial by 92.7% during the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 292 shares during the last quarter. Y.D. More Investments Ltd grew its position in 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 purchasing an additional 253 shares during the last quarter. Quarry LP grew 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 purchasing an additional 675 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position 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 worth $52,000 after purchasing an additional 486 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Stock Performance

SYF opened at $53.48 on Tuesday. 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 fifty day moving average price of $63.35 and a 200 day moving average price of $60.24. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The stock has a market cap of $20.79 billion, a P/E ratio of 6.26, 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 for the quarter, topping 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%. Equities research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 yield of 1.87%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is presently 11.71%.

Analyst Ratings Changes

Several analysts have weighed in on SYF shares. Keefe, Bruyette & Woods boosted their target price on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Bank of America boosted their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada upped their price objective 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. 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 report on Thursday, December 19th. Finally, The Goldman Sachs Group upped their price objective on shares of Synchrony Financial from $72.50 to $82.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and an average 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.