111 Capital Invests $1.27 Million in Synchrony Financial (NYSE:SYF)

111 Capital acquired a new position in Synchrony Financial (NYSE:SYF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,559 shares of the financial services provider's stock, valued at approximately $1,271,000.

A number of other large investors have also recently bought and sold shares of SYF. Wealth Enhancement Advisory Services LLC raised its holdings in Synchrony Financial by 220.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 64,145 shares of the financial services provider's stock valued at $4,169,000 after buying an additional 44,150 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Synchrony Financial during the 4th quarter valued at about $371,000. Centaurus Financial Inc. raised its stake in shares of Synchrony Financial by 3.4% in the 4th quarter. Centaurus Financial Inc. now owns 10,420 shares of the financial services provider's stock valued at $677,000 after acquiring an additional 342 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Synchrony Financial in the 4th quarter valued at approximately $90,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Synchrony Financial in the 4th quarter worth approximately $25,643,000. 96.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Synchrony Financial news, insider Jonathan S. Mothner sold 40,639 shares of the company's stock in a transaction 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 sale, the insider now directly owns 146,628 shares in the company, valued at $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 available at this hyperlink. Company insiders own 0.32% of the company's stock.

Synchrony Financial Stock Performance

Shares of NYSE SYF traded down $0.62 during trading hours on Friday, reaching $57.63. The stock had a trading volume of 5,392,644 shares, compared to its average volume of 3,920,580. Synchrony Financial has a twelve month low of $40.55 and a twelve month high of $70.93. 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's fifty day moving average is $52.94 and its two-hundred day moving average is $60.12. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.71 and a beta of 1.42.

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, beating the consensus estimate of $1.63 by $0.26. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.80 billion. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. As a group, research analysts expect that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.08%. The ex-dividend date was Monday, May 5th. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.25. Synchrony Financial's dividend payout ratio is 16.46%.

Analysts Set New Price Targets

Several equities analysts have commented on SYF shares. JPMorgan Chase & Co. lowered their price target on Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Cfra Research upgraded shares of Synchrony Financial to a "hold" rating in a research note on Tuesday, April 22nd. Morgan Stanley reissued an "equal weight" rating and set a $44.00 target price (down previously from $82.00) on shares of Synchrony Financial in a research report on Monday, April 7th. Finally, Wells Fargo & Company decreased their price target on shares of Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Synchrony Financial has a consensus rating of "Moderate Buy" and a consensus 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.