11,994 Shares in Synchrony Financial (NYSE:SYF) Bought by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC acquired a new position in shares of Synchrony Financial (NYSE:SYF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 11,994 shares of the financial services provider’s stock, valued at approximately $780,000.

Several other institutional investors have also recently bought and sold shares of the business. Apollon Wealth Management LLC raised its holdings in Synchrony Financial by 2.3% during the fourth quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider’s stock worth $461,000 after buying an additional 160 shares during the last quarter. Gladstone Institutional Advisory LLC raised its holdings in Synchrony Financial by 1.9% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider’s stock worth $604,000 after buying an additional 176 shares during the last quarter. Smithfield Trust Co raised its holdings in 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 buying an additional 181 shares during the last quarter. Wedmont Private Capital raised its holdings in Synchrony Financial by 2.6% during the fourth quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider’s stock worth $491,000 after buying an additional 192 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Synchrony Financial by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,208 shares of the financial services provider’s stock worth $1,314,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Upgrades and Downgrades

SYF has been the topic of several research reports. Wells Fargo & Company upgraded shares of Synchrony Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $82.00 in a report on Thursday, December 19th. Truist Financial increased their target price on shares of Synchrony Financial from $72.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Royal Bank of Canada increased their target price 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. Finally, Compass Point downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.70.

Synchrony Financial Price Performance

SYF opened at $53.85 on Friday. The company has a market capitalization of $20.93 billion, a price-to-earnings ratio of 6.31, a PEG ratio of 0.71 and a beta of 1.67. 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 firm has a 50-day moving average price of $62.61 and a 200-day moving average price of $60.17. Synchrony Financial has a twelve month low of $39.67 and a twelve month high of $70.93.

Synchrony Financial (NYSE:SYF) last posted its earnings results 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 net margin of 15.36% and a return on equity of 18.30%. Equities analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors 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 yield of 1.86%. Synchrony Financial’s dividend 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.