HL Financial Services LLC grew its holdings in Synchrony Financial (NYSE:SYF) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,598 shares of the financial services provider’s stock after buying an additional 1,848 shares during the quarter. HL Financial Services LLC’s holdings in Synchrony Financial were worth $834,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SYF. Advisor Group Inc. increased its position in shares of Synchrony Financial by 14.6% during the 2nd quarter. Advisor Group Inc. now owns 11,015 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 1,400 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Synchrony Financial by 43.4% during the 2nd quarter. HighTower Advisors LLC now owns 21,274 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 6,439 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Synchrony Financial by 10.2% during the 2nd quarter. Macquarie Group Ltd. now owns 183,246 shares of the financial services provider’s stock worth $5,464,000 after purchasing an additional 16,994 shares in the last quarter. Shelton Capital Management bought a new stake in Synchrony Financial during the 2nd quarter worth about $201,000. Finally, BlueCrest Capital Management Ltd bought a new stake in Synchrony Financial during the 2nd quarter worth about $4,040,000. Institutional investors own 86.78% of the company’s stock.

Synchrony Financial (NYSE SYF) opened at $36.88 on Tuesday. Synchrony Financial has a one year low of $26.01 and a one year high of $40.59. The firm has a market cap of $29,802.94, a P/E ratio of 14.76, a P/E/G ratio of 1.49 and a beta of 1.01. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.47 and a current ratio of 1.45.

Synchrony Financial (NYSE:SYF) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. Synchrony Financial had a net margin of 11.75% and a return on equity of 14.62%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the firm earned $0.70 EPS. analysts forecast that Synchrony Financial will post 3.38 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. Synchrony Financial’s payout ratio is 24.90%.

A number of equities research analysts have commented on SYF shares. Barclays set a $53.00 price objective on shares of Synchrony Financial and gave the stock a “buy” rating in a report on Tuesday, December 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $39.00 target price on shares of Synchrony Financial in a research note on Thursday, October 12th. Jefferies Group raised their target price on shares of Synchrony Financial to $44.00 and gave the company a “top pick” rating in a research note on Friday, December 1st. Bank of America raised shares of Synchrony Financial from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. Finally, Wells Fargo & Co raised shares of Synchrony Financial from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $38.30.

In other news, Director Laurel Richie acquired 1,000 shares of Synchrony Financial stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $34.20 per share, with a total value of $34,200.00. Following the purchase, the director now directly owns 8,608 shares of the company’s stock, valued at $294,393.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David P. Melito sold 2,580 shares of Synchrony Financial stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $35.00, for a total transaction of $90,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,461 shares of company stock worth $241,778 in the last three months. 0.03% of the stock is owned by insiders.

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About Synchrony Financial

Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.

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Institutional Ownership by Quarter for Synchrony Financial (NYSE:SYF)

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