Synchrony Financial (NYSE:SYF) Position Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of Synchrony Financial (NYSE:SYF - Free Report) by 31.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,606 shares of the financial services provider's stock after buying an additional 44,161 shares during the period. Quantinno Capital Management LP's holdings in Synchrony Financial were worth $12,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bogart Wealth LLC purchased a new position in shares of Synchrony Financial in the 4th quarter valued at about $26,000. TCTC Holdings LLC purchased a new position in Synchrony Financial in the fourth quarter valued at about $27,000. Y.D. More Investments Ltd lifted its position 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 acquiring an additional 253 shares during the period. Accredited Wealth Management LLC purchased a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $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. Hedge funds and other institutional investors own 96.48% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SYF. Compass Point lowered Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a report on Tuesday, January 28th. StockNews.com downgraded shares of Synchrony Financial from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Bank of America upped their price target on shares of Synchrony Financial from $82.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. dropped 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 note on Tuesday, April 8th. Finally, Cfra Research raised Synchrony Financial to a "hold" rating in a research note on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $63.95.

Synchrony Financial Trading Up 0.6%

Shares of Synchrony Financial stock traded up $0.39 during trading hours on Friday, reaching $60.88. The stock had a trading volume of 4,101,646 shares, compared to its average volume of 3,941,146. The firm has a market capitalization of $23.17 billion, a price-to-earnings ratio of 7.13, a P/E/G ratio of 0.71 and a beta of 1.42. Synchrony Financial has a 1 year low of $40.55 and a 1 year high of $70.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.01. The firm has a 50 day simple moving average of $52.10 and a two-hundred day simple moving average of $60.35.

Synchrony Financial (NYSE:SYF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $1.89 earnings per share 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 firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.80 billion. As a group, equities research analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.30 dividend. This is an increase from Synchrony Financial's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Monday, May 5th. Synchrony Financial's dividend payout ratio is currently 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.