Simplicity Wealth LLC Has $705,000 Stock Position in Synchrony Financial (NYSE:SYF)

Simplicity Wealth LLC increased its stake in shares of Synchrony Financial (NYSE:SYF) by 22.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,846 shares of the financial services provider’s stock after buying an additional 2,009 shares during the period. Simplicity Wealth LLC’s holdings in Synchrony Financial were worth $705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Allianz Asset Management GmbH lifted its position in Synchrony Financial by 7.4% during the 4th quarter. Allianz Asset Management GmbH now owns 5,509,314 shares of the financial services provider’s stock worth $358,105,000 after buying an additional 380,870 shares in the last quarter. Southpoint Capital Advisors LP lifted its position in Synchrony Financial by 37.9% during the 3rd quarter. Southpoint Capital Advisors LP now owns 4,600,000 shares of the financial services provider’s stock worth $229,448,000 after buying an additional 1,265,000 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Synchrony Financial by 3.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,447,275 shares of the financial services provider’s stock worth $221,830,000 after buying an additional 157,948 shares in the last quarter. Nordea Investment Management AB raised its holdings in Synchrony Financial by 18.5% during the 4th quarter. Nordea Investment Management AB now owns 3,083,329 shares of the financial services provider’s stock worth $200,756,000 after purchasing an additional 481,750 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Synchrony Financial by 8.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,061,979 shares of the financial services provider’s stock worth $102,852,000 after purchasing an additional 158,960 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on Synchrony Financial from $62.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Bank of America boosted their price objective on Synchrony Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised Synchrony Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $59.00 to $72.00 in a report on Monday, December 9th. Wells Fargo & Company raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their price objective on Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.30.

Synchrony Financial Price Performance

NYSE SYF opened at $54.77 on Monday. The business has a 50 day simple moving average of $64.91 and a 200 day simple moving average of $60.07. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $21.29 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.71 and a beta of 1.67.

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, topping analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Announces Dividend

The company also recently declared 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 1.83%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s dividend payout ratio (DPR) 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.