Pinkerton Retirement Specialists LLC Invests $872,000 in Synchrony Financial (NYSE:SYF)

Pinkerton Retirement Specialists LLC bought a new position in Synchrony Financial (NYSE:SYF - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 13,419 shares of the financial services provider's stock, valued at approximately $872,000.

A number of other large investors have also recently made changes to their positions in SYF. Norges Bank bought a new stake in shares of Synchrony Financial in the 4th quarter worth about $347,903,000. Sachem Head Capital Management LP purchased a new position in shares of Synchrony Financial during the 4th quarter worth about $142,838,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Synchrony Financial by 340.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,512,340 shares of the financial services provider's stock worth $163,303,000 after purchasing an additional 1,942,573 shares during the period. Azora Capital LP boosted its stake in shares of Synchrony Financial by 700.5% during the 4th quarter. Azora Capital LP now owns 2,107,839 shares of the financial services provider's stock worth $137,010,000 after purchasing an additional 1,844,509 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of Synchrony Financial by 169.0% during the 4th quarter. Nuveen Asset Management LLC now owns 2,356,862 shares of the financial services provider's stock worth $153,196,000 after purchasing an additional 1,480,702 shares during the period. 96.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial dropped their price target on shares of Synchrony Financial from $65.00 to $57.00 and set a "hold" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company dropped their price target on shares of Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. StockNews.com raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Cfra Research raised shares of Synchrony Financial to a "hold" rating in a research report on Tuesday, April 22nd. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.95.

Insiders Place Their Bets

In other Synchrony Financial news, insider Jonathan S. Mothner sold 40,639 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $60.07, for a total value of $2,441,184.73. Following the completion of the transaction, the insider now owns 146,628 shares of the company's stock, valued at approximately $8,807,943.96. This trade represents a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company's stock.

Synchrony Financial Trading Down 4.2%

NYSE:SYF opened at $57.32 on Thursday. Synchrony Financial has a 52 week low of $40.55 and a 52 week high of $70.93. The firm has a 50 day moving average of $52.46 and a 200 day moving average of $60.42. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $21.82 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 0.71 and a beta of 1.42.

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

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a $0.30 dividend. The ex-dividend date was Monday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.09%. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. Synchrony Financial's dividend payout ratio (DPR) is currently 16.46%.

Synchrony Financial Company 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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