Twinbeech Capital LP Acquires New Shares in Synchrony Financial (NYSE:SYF)

Twinbeech Capital LP acquired a new position in Synchrony Financial (NYSE:SYF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 41,368 shares of the financial services provider's stock, valued at approximately $2,689,000.

Several other large investors also recently added to or reduced their stakes in the business. Bogart Wealth LLC purchased a new stake in shares of Synchrony Financial in the 4th quarter valued at about $26,000. TCTC Holdings LLC bought a new position in shares of Synchrony Financial in the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd raised its stake in Synchrony Financial by 111.5% in the fourth quarter. Y.D. More Investments Ltd now owns 480 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in Synchrony Financial during the fourth quarter valued at approximately $38,000. Finally, Raleigh Capital Management Inc. grew its stake in Synchrony Financial by 151.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after buying an additional 486 shares in the last quarter. Institutional investors own 96.48% of the company's stock.

Insider Buying and Selling at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 40,639 shares of the business'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 of the company's stock, valued at approximately $8,807,943.96. The trade was a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America raised their price target on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Morgan Stanley restated an "equal weight" rating and issued a $44.00 price objective (down from $82.00) on shares of Synchrony Financial in a report on Monday, April 7th. Wall Street Zen raised shares of Synchrony Financial from a "hold" rating to a "buy" rating in a report on Tuesday. Compass Point downgraded shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price target for the company. in a research note on Tuesday, January 28th. Finally, Evercore ISI reduced their price objective on Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $63.95.

Synchrony Financial Stock Down 1.2%

Shares of SYF traded down $0.71 on Friday, reaching $56.75. The stock had a trading volume of 2,218,846 shares, compared to its average volume of 3,925,527. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. Synchrony Financial has a 12-month low of $40.55 and a 12-month high of $70.93. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42. The company has a 50-day simple moving average of $52.54 and a 200-day simple moving average of $60.44.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.63 by $0.26. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.80 billion. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. Sell-side analysts predict that Synchrony Financial will post 7.67 EPS for the current year.

Synchrony Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Monday, May 5th. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. Synchrony Financial's dividend payout ratio is 16.46%.

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.