58,305 Shares in Synchrony Financial $SYF Bought by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management initiated a position in Synchrony Financial, buying 58,305 shares worth approximately $4.18 million in the third quarter.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $87.78; ten analysts rate the stock Buy and nine rate it Hold.
• Synchrony reported quarterly EPS of $2.68, beating the $2.42 estimate, and declared a $0.34 quarterly dividend, equivalent to a 1.9% annualized yield.

Fulcrum Asset Management LLP bought a new position in shares of Synchrony Financial (NYSE:SYF - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,305 shares of the financial services provider's stock, valued at approximately $4,182,000.

Other large investors have also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. bought a new position in shares of Synchrony Financial in the third quarter valued at approximately $26,000. Compass Financial Management LLC bought a new stake in Synchrony Financial during the 2nd quarter worth approximately $29,000. GK Wealth Management LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter valued at $31,000. Provenance Wealth Advisors LLC purchased a new position in shares of Synchrony Financial during the 3rd quarter valued at $32,000. Finally, Center for Financial Planning Inc. increased its holdings in shares of Synchrony Financial by 242.9% in the first quarter. Center for Financial Planning Inc. now owns 480 shares of the financial services provider's stock worth $33,000 after purchasing an additional 340 shares during the period. 96.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SYF. TD Cowen lowered their price target on Synchrony Financial from $90.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday, October 6th. Robert W. Baird boosted their price objective on Synchrony Financial from $86.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Synchrony Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Wells Fargo & Company decreased their price objective on shares of Synchrony Financial from $95.00 to $88.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Finally, Evercore downgraded shares of Synchrony Financial from an "outperform" rating to a "hold" rating and set a $78.00 target price on the stock. in a research note on Wednesday, October 21st. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.78.

Synchrony Financial Price Performance

SYF opened at $73.21 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $22.80 billion, a P/E ratio of 7.64, a PEG ratio of 0.93 and a beta of 1.40. The stock has a 50-day moving average price of $74.42 and a 200-day moving average price of $73.54. Synchrony Financial has a 12-month low of $63.08 and a 12-month high of $88.77.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $2.68 EPS for the quarter, topping the consensus estimate of $2.42 by $0.26. Synchrony Financial had a net margin of 14.59% and a return on equity of 22.26%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the firm posted $2.86 earnings per share. Equities analysts predict that Synchrony Financial will post 9.59 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 5th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $1.36 annualized dividend and a yield of 1.9%. Synchrony Financial's payout ratio is currently 14.20%.

Synchrony Financial Profile

Synchrony Financial is a consumer financial services company that provides credit products and related services through partnerships with retailers, healthcare providers and other businesses. Its offerings include private-label and co-branded credit cards, installment loans and promotional financing options.

The company also provides consumer banking products, including savings accounts and certificates of deposit. Its financing solutions serve customers in areas such as retail, home improvement, automotive, health and wellness, and digital commerce, primarily in the United States.

Synchrony was formerly part of General Electric's financial services business and became an independent, publicly traded company in 2014.

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