NorthRock Partners LLC Invests $464,000 in Synchrony Financial (NYSE:SYF)

NorthRock Partners LLC bought a new position in Synchrony Financial (NYSE:SYF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,136 shares of the financial services provider's stock, valued at approximately $464,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in Synchrony Financial during the fourth quarter valued at approximately $26,000. TCTC Holdings LLC bought a new position in shares of Synchrony Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd increased its holdings in shares of 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 buying an additional 253 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Synchrony Financial during the 4th quarter valued at $38,000. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Synchrony Financial by 151.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 807 shares of the financial services provider's stock worth $52,000 after acquiring an additional 486 shares in the last quarter. 96.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on SYF shares. Cfra Research upgraded shares of Synchrony Financial to a "hold" rating in a report on Tuesday, April 22nd. Truist Financial reduced 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 report on Friday, April 25th. Morgan Stanley reiterated an "equal weight" rating and set a $44.00 price objective (down from $82.00) on shares of Synchrony Financial in a research report on Monday, April 7th. Compass Point downgraded shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research note on Tuesday, January 28th. Finally, Bank of America increased their target price on Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Eight 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.95.

Synchrony Financial Stock Performance

Shares of SYF traded up $0.04 during trading hours on Thursday, reaching $57.28. 961,424 shares of the company traded hands, compared to its average volume of 3,918,929. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24. The stock's fifty day moving average is $52.46 and its 200 day moving average is $60.42. Synchrony Financial has a 1-year low of $40.55 and a 1-year high of $70.93. The stock has a market cap of $21.80 billion, a P/E ratio of 6.71, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42.

Synchrony Financial (NYSE:SYF - Get Free Report) last posted its quarterly earnings results 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. 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 during the quarter, compared to analysts' expectations of $3.80 billion. Equities research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a $0.30 dividend. This is a boost from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.10%. The ex-dividend date was Monday, May 5th. Synchrony Financial's dividend payout ratio (DPR) is 16.46%.

Insiders Place Their Bets

In other news, insider Jonathan S. Mothner sold 40,639 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $60.07, for a total transaction of $2,441,184.73. Following the completion of the transaction, the insider now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.32% of the company's stock.

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.