LMR Partners LLP Makes New $520,000 Investment in Synchrony Financial (NYSE:SYF)

LMR Partners LLP purchased a new stake in shares of Synchrony Financial (NYSE:SYF - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 8,000 shares of the financial services provider's stock, valued at approximately $520,000.

Several other hedge funds have also recently added to or reduced their stakes in SYF. Apollon Wealth Management LLC grew its stake in shares of Synchrony Financial by 2.3% in the 4th quarter. Apollon Wealth Management LLC now owns 7,094 shares of the financial services provider's stock valued at $461,000 after buying an additional 160 shares in the last quarter. Covestor Ltd lifted its stake in shares of Synchrony Financial by 6.0% in the 4th quarter. Covestor Ltd now owns 3,085 shares of the financial services provider's stock valued at $200,000 after purchasing an additional 174 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in Synchrony Financial by 1.9% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 9,290 shares of the financial services provider's stock worth $604,000 after purchasing an additional 176 shares in the last quarter. Smithfield Trust Co raised its holdings in Synchrony Financial by 19.7% during the fourth quarter. Smithfield Trust Co now owns 1,099 shares of the financial services provider's stock valued at $69,000 after buying an additional 181 shares in the last quarter. Finally, Wedmont Private Capital lifted its holdings in Synchrony Financial by 2.6% in the 4th quarter. Wedmont Private Capital now owns 7,700 shares of the financial services provider's stock worth $491,000 after purchasing an additional 192 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company's stock.

Synchrony Financial Price Performance

NYSE:SYF traded down $0.98 on Monday, reaching $59.82. 2,105,326 shares of the company's stock traded hands, compared to its average volume of 3,934,854. The firm has a market cap of $22.77 billion, a PE ratio of 7.00, a P/E/G ratio of 0.71 and a beta of 1.42. The stock has a 50-day simple moving average of $52.10 and a 200-day simple moving average of $60.41. Synchrony Financial has a 12 month low of $40.55 and a 12 month high of $70.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.01.

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

Synchrony Financial Increases Dividend

The firm also recently announced 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. This is a positive change from Synchrony Financial's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.01%. Synchrony Financial's dividend payout ratio (DPR) is 16.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Compass Point lowered shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 price objective for the company. in a research report on Tuesday, January 28th. Wells Fargo & Company cut their target price on Synchrony Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price target 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 decreased their price target on shares of Synchrony Financial from $64.00 to $56.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Bank of America boosted their price objective on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.