Quantitative Systematic Strategies LLC Takes $318,000 Position in Synchrony Financial (SYF)
Quantitative Systematic Strategies LLC bought a new stake in Synchrony Financial (NYSE:SYF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,237 shares of the financial services provider’s stock, valued at approximately $318,000.
A number of other hedge funds have also recently added to or reduced their stakes in SYF. Patten Group Inc. increased its holdings in Synchrony Financial by 3,019.4% in the 3rd quarter. Patten Group Inc. now owns 106,713 shares of the financial services provider’s stock valued at $106,000 after buying an additional 103,292 shares during the period. SpiderRock Advisors LLC bought a new position in Synchrony Financial in the 3rd quarter valued at about $176,000. Steward Partners Investment Advisory LLC bought a new position in Synchrony Financial in the 3rd quarter valued at about $192,000. Shelton Capital Management bought a new position in Synchrony Financial in the 2nd quarter valued at about $201,000. Finally, TRUE Private Wealth Advisors bought a new stake in shares of Synchrony Financial during the 4th quarter valued at approximately $204,000. 86.78% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on SYF. Zacks Investment Research raised shares of Synchrony Financial from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, January 31st. Oppenheimer reaffirmed a “hold” rating on shares of Synchrony Financial in a report on Tuesday, October 31st. Morgan Stanley lifted their price target on shares of Synchrony Financial from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $39.00 price target on shares of Synchrony Financial in a report on Thursday, October 12th. Finally, Jefferies Group lifted their price target on shares of Synchrony Financial to $44.00 and gave the company a “top pick” rating in a report on Friday, December 1st. 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 company’s stock. Synchrony Financial presently has an average rating of “Buy” and an average target price of $38.30.
Shares of Synchrony Financial (NYSE SYF) opened at $34.98 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.47 and a debt-to-equity ratio of 1.46. Synchrony Financial has a 1 year low of $26.01 and a 1 year high of $40.59. The company has a market cap of $27,380.00, a P/E ratio of 14.45, a P/E/G ratio of 1.46 and a beta of 1.01.
Synchrony Financial (NYSE:SYF) last posted its earnings results on Friday, January 19th. The financial services provider reported $0.70 EPS 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 the consensus estimate of $3.96 billion. During the same period last year, the company earned $0.70 EPS. analysts predict that Synchrony Financial will post 3.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.60 annualized dividend and a yield of 1.72%. Synchrony Financial’s dividend payout ratio is presently 24.79%.
Synchrony Financial Company Profile
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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