WINTON GROUP Ltd increased its holdings in shares of Synchrony Financial (NYSE:SYF – Free Report) by 277.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 66,650 shares of the financial services provider’s stock after acquiring an additional 49,009 shares during the quarter. WINTON GROUP Ltd’s holdings in Synchrony Financial were worth $5,069,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in shares of Synchrony Financial in the 4th quarter valued at about $29,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Synchrony Financial in the fourth quarter valued at about $29,000. FWL Investment Management LLC purchased a new stake in Synchrony Financial in the 3rd quarter valued at approximately $26,000. Compass Financial Management LLC acquired a new position in Synchrony Financial during the second quarter worth $29,000. Finally, Reflection Asset Management acquired a new position in shares of Synchrony Financial during the 4th quarter worth $31,000. Institutional investors and hedge funds own 96.48% of the company’s stock.
Synchrony Financial Stock Performance
Shares of SYF opened at $75.41 on Friday. Synchrony Financial has a 52-week low of $63.08 and a 52-week high of $88.77. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.08. The firm has a market cap of $24.54 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.71 and a beta of 1.32. The business’s 50 day moving average is $76.88 and its two-hundred day moving average is $73.47.
Synchrony Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Wednesday, August 5th were issued a $0.34 dividend. This is a boost from Synchrony Financial’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Synchrony Financial’s dividend payout ratio is presently 13.93%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on SYF. Robert W. Baird raised their price target on Synchrony Financial from $86.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. TD Cowen lifted their price objective on Synchrony Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. dropped their price target on shares of Synchrony Financial from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Wolfe Research raised their price objective on Synchrony Financial from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Finally, Royal Bank Of Canada cut their target price on shares of Synchrony Financial from $85.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $88.24.
Check Out Our Latest Stock Report on SYF
Synchrony Financial Profile
Synchrony Financial (NYSE: SYF) is a consumer financial services company that provides credit products and financing programs through partnerships with retailers, manufacturers, healthcare providers and other businesses. Its offerings are designed to help consumers finance purchases and manage spending across a range of industries.
The company’s products include private-label and co-branded credit cards, promotional financing, installment loans and other consumer payment solutions. Synchrony also provides deposit products and other banking services through Synchrony Bank, including savings accounts, certificates of deposit and money market accounts.
Synchrony primarily serves consumers and business partners in the United States, including customers in retail, home, automotive, healthcare, specialty and other markets.
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