Wolf Group Capital Advisors Makes New Investment in Synchrony Financial (NYSE:SYF)

Wolf Group Capital Advisors acquired a new stake in Synchrony Financial (NYSE:SYF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,209 shares of the financial services provider’s stock, valued at approximately $1,176,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BTC Capital Management Inc. lifted its holdings in shares of Synchrony Financial by 25.9% in the 1st quarter. BTC Capital Management Inc. now owns 65,835 shares of the financial services provider’s stock valued at $3,485,000 after buying an additional 13,526 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Synchrony Financial by 70.2% in the 1st quarter. Merit Financial Group LLC now owns 10,657 shares of the financial services provider’s stock valued at $564,000 after buying an additional 4,397 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Synchrony Financial in the 4th quarter valued at about $57,000. NEOS Investment Management LLC lifted its holdings in shares of Synchrony Financial by 31.4% in the 4th quarter. NEOS Investment Management LLC now owns 25,622 shares of the financial services provider’s stock valued at $1,665,000 after buying an additional 6,120 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in shares of Synchrony Financial in the 4th quarter valued at about $1,121,000. Institutional investors and hedge funds own 96.48% of the company’s stock.

Wall Street Analysts Forecast Growth

SYF has been the subject of several analyst reports. The Goldman Sachs Group decreased their price objective on Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Evercore ISI decreased their price objective on Synchrony Financial from $64.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company decreased their price objective on Synchrony Financial from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Morgan Stanley restated an “equal weight” rating and issued a $44.00 price target (down previously from $82.00) on shares of Synchrony Financial in a research note on Monday, April 7th. Finally, Truist Financial upped their price target on Synchrony Financial from $63.00 to $68.00 and gave the stock a “hold” rating in a report on Friday, June 13th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $64.78.

Insider Activity

In related news, insider Jonathan S. Mothner sold 40,639 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $60.07, for a total value of $2,441,184.73. Following the completion of the transaction, the insider now directly owns 146,628 shares in the company, valued at approximately $8,807,943.96. This represents a 21.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Synchrony Financial Price Performance

NYSE:SYF opened at $60.29 on Wednesday. Synchrony Financial has a 12 month low of $40.55 and a 12 month high of $70.93. The stock has a 50 day moving average of $55.38 and a two-hundred day moving average of $59.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.11. The firm has a market cap of $22.95 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 0.64 and a beta of 1.44.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.26. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.80 billion. Synchrony Financial had a return on equity of 19.68% and a net margin of 13.00%. On average, analysts expect that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.30 per share. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.99%. Synchrony Financial’s payout ratio is presently 16.46%.

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.