24,751 Shares in Synchrony Financial (NYSE:SYF) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in shares of Synchrony Financial (NYSE:SYF) during the 4th quarter, HoldingsChannel reports. The fund acquired 24,751 shares of the financial services provider’s stock, valued at approximately $1,609,000.

Several other institutional investors have also modified their holdings of SYF. Larson Financial Group LLC boosted its stake in shares of Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 292 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Synchrony Financial during the 3rd quarter worth $791,000. Townsquare Capital LLC purchased a new stake in shares of Synchrony Financial during the third quarter worth $245,000. Public Sector Pension Investment Board raised its position in shares of Synchrony Financial by 3.2% in the third quarter. Public Sector Pension Investment Board now owns 70,248 shares of the financial services provider’s stock valued at $3,504,000 after buying an additional 2,200 shares during the last quarter. Finally, Martingale Asset Management L P lifted its stake in shares of Synchrony Financial by 65.8% in the third quarter. Martingale Asset Management L P now owns 44,216 shares of the financial services provider’s stock worth $2,205,000 after buying an additional 17,548 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley upgraded shares of Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $82.00 in a report on Thursday, December 19th. Compass Point downgraded Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods upped their target price on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, December 9th. StockNews.com downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Royal Bank of Canada boosted their price target on shares of Synchrony Financial from $70.00 to $73.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.10.

Synchrony Financial Stock Down 3.3 %

Shares of NYSE SYF opened at $52.39 on Monday. Synchrony Financial has a 52-week low of $39.67 and a 52-week high of $70.93. The business’s 50 day moving average is $61.17 and its two-hundred day moving average is $60.62. The firm has a market cap of $20.37 billion, a price-to-earnings ratio of 6.13, 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.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial’s payout ratio is 11.71%.

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.