EverSource Wealth Advisors LLC Purchases 257 Shares of Synchrony Financial (NYSE:SYF)

EverSource Wealth Advisors LLC raised its position in shares of Synchrony Financial (NYSE:SYF) by 46.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 810 shares of the financial services provider’s stock after acquiring an additional 257 shares during the period. EverSource Wealth Advisors LLC’s holdings in Synchrony Financial were worth $53,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new stake in shares of Synchrony Financial in the fourth quarter valued at about $452,000. National Bank of Canada FI lifted its stake in shares of Synchrony Financial by 119.0% in the third quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock valued at $12,123,000 after buying an additional 132,047 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Synchrony Financial by 7.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock valued at $11,787,000 after buying an additional 12,492 shares during the period. Brophy Wealth Management LLC bought a new stake in shares of Synchrony Financial in the third quarter valued at about $544,000. Finally, Summit Trail Advisors LLC bought a new stake in shares of Synchrony Financial in the fourth quarter valued at about $423,000. Institutional investors own 96.48% of the company’s stock.

Synchrony Financial Price Performance

SYF opened at $54.46 on Thursday. Synchrony Financial has a one year low of $39.67 and a one year high of $70.93. 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 company’s 50 day simple moving average is $62.85 and its 200-day simple moving average is $60.22. The stock has a market capitalization of $21.17 billion, a P/E ratio of 6.38, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.84%. Synchrony Financial’s dividend payout ratio (DPR) is currently 11.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SYF shares. Bank of America increased their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Wells Fargo & Company raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Compass Point lowered shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Tuesday, January 28th. Royal Bank of Canada increased their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group dropped their price target on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.70.

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.