Taika Capital LP Purchases Shares of 5,720 Synchrony Financial (NYSE:SYF)

Taika Capital LP purchased a new stake in Synchrony Financial (NYSE:SYF) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 5,720 shares of the financial services provider’s stock, valued at approximately $372,000.

Several other large investors have also recently added to or reduced their stakes in the company. Argentarii LLC acquired a new position in Synchrony Financial in the 4th quarter valued at approximately $1,179,000. Amundi raised its holdings in Synchrony Financial by 1.6% in the 4th quarter. Amundi now owns 1,771,651 shares of the financial services provider’s stock valued at $116,557,000 after acquiring an additional 27,875 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Synchrony Financial by 3.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 8,741 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 253 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Synchrony Financial by 3.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 59,744 shares of the financial services provider’s stock worth $3,883,000 after purchasing an additional 1,794 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new position in Synchrony Financial in the fourth quarter worth about $399,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target 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. 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. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $72.00 in a research report on Monday, December 9th. Barclays raised shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $79.00 in a research report on Monday, January 6th. Finally, Compass Point cut shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Tuesday, January 28th. Six 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.30.

Synchrony Financial Stock Performance

Synchrony Financial stock opened at $54.77 on Monday. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a 50-day simple moving average of $64.91 and a 200 day simple moving average of $60.07.

Synchrony Financial (NYSE:SYF) last released its earnings results 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 return on equity of 18.30% and a net margin of 15.36%. On average, research 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. Synchrony Financial’s payout ratio is currently 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.