Dynamic Technology Lab Private Ltd Has $1.81 Million Stock Position in Synchrony Financial (NYSE:SYF)

Dynamic Technology Lab Private Ltd raised its stake in Synchrony Financial (NYSE:SYF) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,819 shares of the financial services provider’s stock after acquiring an additional 3,453 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Synchrony Financial were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Apollon Wealth Management LLC increased its holdings in shares of Synchrony Financial by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 160 shares in the last quarter. Gladstone Institutional Advisory LLC increased its stake in shares of Synchrony Financial by 1.9% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock valued at $604,000 after buying an additional 176 shares during the period. Smithfield Trust Co raised its position in shares of Synchrony Financial by 19.7% during the fourth quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 181 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of Synchrony Financial by 2.6% during the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 192 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Synchrony Financial by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider’s stock valued at $1,314,000 after acquiring an additional 213 shares during the last quarter. 96.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

SYF has been the topic of a number of research reports. UBS Group upped their target price on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. The Goldman Sachs Group reduced their price objective on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $82.00 in a research report on Thursday, December 19th. Truist Financial reduced their price target on Synchrony Financial from $77.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, Bank of America upped their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Synchrony Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.26.

Synchrony Financial Trading Down 6.0 %

SYF opened at $43.76 on Friday. The firm’s fifty day simple moving average is $59.21 and its 200 day simple moving average is $60.54. The stock has a market capitalization of $17.01 billion, a P/E ratio of 5.12, a P/E/G ratio of 0.71 and a beta of 1.67. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 12 month low of $39.67 and a 12 month high of $70.93.

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 the consensus estimate of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, research analysts anticipate that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Synchrony Financial Company 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.