United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires New Shares in Synchrony Financial (NYSE:SYF)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Synchrony Financial (NYSE:SYF) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,600 shares of the financial services provider’s stock, valued at approximately $754,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. New Wave Wealth Advisors LLC bought a new stake in Synchrony Financial in the 4th quarter worth about $452,000. National Bank of Canada FI boosted its holdings in shares of Synchrony Financial by 119.0% during the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock valued at $12,123,000 after acquiring an additional 132,047 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Synchrony Financial by 7.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider’s stock worth $11,787,000 after acquiring an additional 12,492 shares during the period. Brophy Wealth Management LLC purchased a new position in shares of Synchrony Financial during the third quarter valued at approximately $544,000. Finally, Summit Trail Advisors LLC bought a new position in Synchrony Financial during the fourth quarter valued at approximately $423,000. Institutional investors own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America lifted their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Compass Point downgraded shares of Synchrony Financial from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a report on Tuesday, January 28th. Barclays upgraded 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 note on Monday, January 6th. Finally, 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 report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.10.

Synchrony Financial Stock Up 0.1 %

Shares of NYSE:SYF opened at $55.85 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50 day simple moving average of $62.03 and a two-hundred day simple moving average of $60.47. Synchrony Financial has a 1 year low of $39.67 and a 1 year high of $70.93. The firm has a market capitalization of $21.71 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 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%. On average, equities analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued 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 yield of 1.79%. Synchrony Financial’s payout ratio is 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.