Dynamic Technology Lab Private Ltd Buys 3,453 Shares of Synchrony Financial (NYSE:SYF)

Dynamic Technology Lab Private Ltd increased its stake in Synchrony Financial (NYSE:SYF) by 14.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,819 shares of the financial services provider’s stock after purchasing an additional 3,453 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Synchrony Financial were worth $1,808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Synchrony Financial in the 4th quarter valued at about $26,000. TCTC Holdings LLC acquired a new position in Synchrony Financial during 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 buying an additional 253 shares during the period. Quarry LP lifted its position in shares of Synchrony Financial by 301.3% in the third quarter. Quarry LP now owns 899 shares of the financial services provider’s stock valued at $45,000 after buying an additional 675 shares during the last quarter. 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 during the period. 96.48% of the stock is owned by institutional investors.

Synchrony Financial Price Performance

SYF stock opened at $43.76 on Friday. The company’s 50-day moving average price is $59.21 and its two-hundred day moving average price is $60.54. The firm has a market cap of $17.01 billion, a P/E ratio of 5.12, a P/E/G ratio of 0.71 and a beta of 1.67. 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 has a 12 month low of $39.67 and a 12 month high of $70.93.

Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. On average, analysts anticipate that Synchrony Financial will post 7.67 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Monday, February 3rd. Synchrony Financial’s dividend payout ratio is presently 11.71%.

Analyst Ratings Changes

Several equities research analysts have issued reports on SYF shares. Barclays raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $59.00 to $79.00 in a report on Monday, January 6th. The Goldman Sachs Group reduced their target price on shares of Synchrony Financial from $82.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. UBS Group upped their price target on shares of Synchrony Financial from $58.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Truist Financial cut their price objective on shares of Synchrony Financial from $77.00 to $65.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Finally, StockNews.com lowered Synchrony Financial from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Synchrony Financial currently has an average rating of “Moderate Buy” and an average target price of $68.26.

Synchrony Financial Company 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.