Bayesian Capital Management LP Has $722,000 Stock Position in Synchrony Financial (NYSE:SYF)

Bayesian Capital Management LP lowered its holdings in Synchrony Financial (NYSE:SYF - Free Report) by 83.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,100 shares of the financial services provider's stock after selling 55,400 shares during the period. Bayesian Capital Management LP's holdings in Synchrony Financial were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial in the 4th quarter valued at about $26,000. TCTC Holdings LLC purchased a new stake in shares of Synchrony Financial in the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd boosted its holdings in Synchrony Financial by 111.5% during the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock worth $31,000 after purchasing an additional 253 shares during the last quarter. Accredited Wealth Management LLC bought a new stake in shares of Synchrony Financial during the 4th quarter worth $38,000. Finally, Raleigh Capital Management Inc. lifted its stake in Synchrony Financial by 151.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 486 shares during the last quarter. Institutional investors own 96.48% of the company's stock.

Synchrony Financial Price Performance

Shares of NYSE SYF traded up $1.74 during mid-day trading on Thursday, hitting $55.51. 4,403,132 shares of the stock were exchanged, compared to its average volume of 3,945,212. The stock's fifty day simple moving average is $51.40 and its two-hundred day simple moving average is $60.17. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $21.13 billion, a P/E ratio of 6.50, a PEG ratio of 0.71 and a beta of 1.42. Synchrony Financial has a twelve month low of $40.55 and a twelve month high of $70.93.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.26. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.80 billion. As a group, analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.30 per share. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Monday, May 5th. Synchrony Financial's payout ratio is 16.46%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SYF. Royal Bank of Canada lifted their price target on Synchrony Financial from $70.00 to $73.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Compass Point cut 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. The Goldman Sachs Group cut their price objective on shares of Synchrony Financial from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. StockNews.com downgraded Synchrony Financial from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Evercore ISI reduced their price target on shares of Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $63.95.

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.