Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 394,501 Synchrony Financial (NYSE:SYF)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 394,501 shares of the financial services provider's stock, valued at approximately $25,643,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Synchrony Financial at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new position in shares of Synchrony Financial during the 4th quarter valued at $26,000. TCTC Holdings LLC bought a new position in shares of Synchrony Financial during the 4th quarter valued at about $27,000. Y.D. More Investments Ltd boosted its holdings in shares of Synchrony Financial by 111.5% during the 4th 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 during the last quarter. Accredited Wealth Management LLC bought a new position in shares of Synchrony Financial during the 4th quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Synchrony Financial by 46.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 810 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 96.48% of the company's stock.

Insider Activity at Synchrony Financial

In other Synchrony Financial news, insider Jonathan S. Mothner sold 40,639 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $60.07, for a total transaction of $2,441,184.73. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Synchrony Financial Price Performance

SYF stock traded down $0.62 during trading on Friday, hitting $57.63. The stock had a trading volume of 5,392,644 shares, compared to its average volume of 3,920,580. The stock has a market capitalization of $21.94 billion, a P/E ratio of 6.75, a PEG ratio of 0.71 and a beta of 1.42. The company's 50-day moving average price is $52.94 and its two-hundred day moving average price is $60.15. 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.

Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings data 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 return on equity of 18.30% and a net margin of 15.36%. The firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.80 billion. As a group, research analysts predict that Synchrony Financial will post 7.67 EPS for the current fiscal year.

Synchrony Financial Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on SYF. Wells Fargo & Company lowered 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. Truist Financial lowered their price target on shares of Synchrony Financial from $65.00 to $57.00 and set a "hold" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Synchrony Financial from $76.00 to $50.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI reduced their price objective on shares of Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Cfra Research raised shares of Synchrony Financial to a "hold" rating in a research report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.95.

About Synchrony Financial

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.