Crestline Management LP Makes New Investment in Synchrony Financial (NYSE:SYF)

Crestline Management LP purchased a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 103,781 shares of the financial services provider's stock, valued at approximately $6,746,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bogart Wealth LLC acquired a new stake in Synchrony Financial in the 4th quarter valued at approximately $26,000. TCTC Holdings LLC acquired a new stake in shares of Synchrony Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd raised its holdings in shares of Synchrony Financial by 111.5% in the 4th quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after buying an additional 253 shares during the period. Accredited Wealth Management LLC acquired a new position in Synchrony Financial during the 4th quarter worth about $38,000. Finally, Raleigh Capital Management Inc. boosted its holdings in Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 486 shares during the period. 96.48% of the stock is owned by hedge funds and other institutional investors.

Synchrony Financial Trading Up 0.0 %

Shares of Synchrony Financial stock opened at $54.19 on Tuesday. The company has a fifty day simple moving average of $51.70 and a 200-day simple moving average of $60.26. Synchrony Financial has a 12-month low of $40.55 and a 12-month high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.71 and a beta of 1.42.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.80 billion. On average, equities analysts forecast that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.20 dividend on an annualized basis and a yield of 2.21%. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. Synchrony Financial's payout ratio is currently 16.46%.

Analyst Ratings Changes

Several analysts have recently issued reports on SYF shares. Cfra Research raised shares of Synchrony Financial to a "hold" rating in a research report on Tuesday, April 22nd. Bank of America upped their target price on shares of Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Barclays raised shares of Synchrony Financial from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $59.00 to $79.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their target price on Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $63.95.

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.

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